The channel itself is divided into two registers (2) and as we move closely to the upper boundary, any intended purchase can get support and return to a fair price at the level of $9,250 in current accumulation (3).
In general, volumes for sale fall (5) and without a breakdown to the level of $8,400 sales can exhaust their potential.
In this case, we are waiting for consolidation in the range of $8,400-$9,500, which certainly will play in favor of the buyers who will catch a break and have a chance to recover after such an aggressive squall of sales.
Get the latest news, Price Analysis and insights
Sign up for crypto-trading tips & hints:
All crypto news for
Sign up for crypto digest
Bitcoin Shot 03/11: After an aggressive squall of sales, Bitcoin Price Miracle
Cover image via u.today
👓 Recommended articles
Please enter a valid e-mail
Get the latest news, tips and good insights to your inbox