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#CryptoMarketsDipSlightly MARKET UPDATE- ๐
Bitcoin has rejected exactly from $79,450 (Prev Week High) this morning to test the demand in the $77.5k area. This also means that BTC has now closed the CME gap left behind from the weekend price action and this is holding for now. It would seem likely that any retest of $78.5k - $79k today would be met with resistance.
I am still watching for a break of the Previous Week High to look for a short term move back above $78k, but if this is to happen the demand at $77.5k - $77.3k must be respected. Let's see how the Monday range develops for now and look to have another strong week of trading!