The intraday charts of Bitcoin Dominance pushed up yesterday and now is teasing 40.9% level.
Above 40.9%, it will move up towards 41.5%.
Between 40.6% and 40.9% is the range area and below 40.6%, the sentiment will change to bearish.
The intraday chart of BTCUSD declined during weekly transition and now is testing $15,861.
Below $15,861, Bitcoin will gain momentum and will test $14,638-$15,390 region.
Between $15,861 and $16,614 is the range area and the price action will be choppy.
Above $16,614, Bitcoin will be more bullish, but I do not expect any momentum below $17,382.
There are following scenarios today.
Scenario 1. A re-test and a strong rejection of $16,614 will push Bitcoin towards $14,638-$15,390.
Scenario 2. A strong closure below $15,861 will push Bitcoin towards $14,638-$15,390.
Scenario 3 / Trade Option. A rejection with a strong price action from $14,638-$15,390 will offer a long towards $16,614 and higher.
Above 40.9%, it will move up towards 41.5%.
Between 40.6% and 40.9% is the range area and below 40.6%, the sentiment will change to bearish.
The intraday chart of BTCUSD declined during weekly transition and now is testing $15,861.
Below $15,861, Bitcoin will gain momentum and will test $14,638-$15,390 region.
Between $15,861 and $16,614 is the range area and the price action will be choppy.
Above $16,614, Bitcoin will be more bullish, but I do not expect any momentum below $17,382.
There are following scenarios today.
Scenario 1. A re-test and a strong rejection of $16,614 will push Bitcoin towards $14,638-$15,390.
Scenario 2. A strong closure below $15,861 will push Bitcoin towards $14,638-$15,390.
Scenario 3 / Trade Option. A rejection with a strong price action from $14,638-$15,390 will offer a long towards $16,614 and higher.
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Cryptolean community: www.youtube.com/@cryptolean
Cryptolean community: www.youtube.com/@cryptolean