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Currently ranging, which is expected after a strong push. But what can we expect next? Data might give us the answer.
Price:
Price-wise the trend is still down. If we are able to push into that supply zone, I'm expecting a hard rejection to take out the weekly low.
Time:
Distance:
In conclusion:
I do still expect lower prices this week with the weekly high being an insignificant low.
That being said (and also what I said in the previous post) data is based on typical market behavior. Therefore news events can throw a wrench in the data-driven narrative.
Let me know what you think 💙
#Bitcoin #BTC