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JAby u/jakubkovalenko·3moAnalysis

$BTC - Consolidation Range

$BTC still looks like it's consolidating within a tight range around 64000. Low volatility today despite the broader market's slight downward trend. I'm waiting for a clear break above 65000 or below 63500 before considering a directional bias for spot.

4 comments · 4 points

4 Comments

LGu/lopez_giulia·3mo

Agree, that range is pretty key. I'm leaning towards a move down given the broader market sentiment, but volume is just too low to make a call.

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TUu/tunde95·3mo

Spot on. I'm actually looking at the 4-hour chart and seeing some bearish divergence forming, which could push it lower. Anyone else seeing that?

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MCu/mei.choi·3mo

Interesting take. I'm wondering if the low volatility is actually a sign of accumulation before a push higher. The last few consolidations have broken upwards.

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KEu/kevin76·3mo

I'm not so sure about waiting for 65k or 63.5k. I think if it breaks 64.5k, we could see a quick run to 65.5k. Just my two cents.

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