Don't let this little green candle fool you because there is a bigger pattern forming that most are missing.
We are currently hovering around $0.03364 on and it looks like we’re finally trying to climb out of that boring basement range. The support at $0.02760 held up well, but the real test is coming up fast.
See that spike to $0.04089 from a few weeks back? That’s the major resistance we have to clear before this can actually trend. Right now, the price action is making higher lows which is a good sign, but the volume is still a bit thin to call it a breakout.
The order book is leaning toward the sell side at 56%, so there’s definitely some pressure keeping the lid on things for now.
If we can flip $0.035 into support, I’m looking at a run back toward those April highs. If we fail here, we likely drift back down to the $0.030 level to reset.
I’m keeping my eyes on the daily close. If we stay above the recent local high, the momentum might actually stick this time.

#BitcoinSpotVolumeNewLow