BTC Daily analysis - Bullish outlook
Price action on weekly is still higher highs and higher lows - when we analyse the daily we can see on linear, price has left the red action line (upper parallel line) and now we have side way chop action.
Although price has been bouncing we can see an increase in volume, not enough to breakout yet but we can expect to have an increase of volume very soon.
Price has a high probability of breaking to the upside simply because on higher time frame we have been holding the higher low for a significant amount of days.
There has been plenty of washes so my expectation would be a quick move to the upside followed by FOMO.
Although price has been bouncing we can see an increase in volume, not enough to breakout yet but we can expect to have an increase of volume very soon.
Price has a high probability of breaking to the upside simply because on higher time frame we have been holding the higher low for a significant amount of days.
There has been plenty of washes so my expectation would be a quick move to the upside followed by FOMO.