Bitcoin continues to push towards the range high, around $74,000. As you know by now, once price broke into the upper half of the range, the expectation is a visit to the top. At that point, we will be at resistance and people will be losing their minds with bullishness. The reason charts work is because of humans - they get bullish at resistance and bearish at support.
We need to see a clean break of the all time high on real volume to indicate that all of this is anything but chop… but chop near the highs is much more fun than chop near the lows.
Everything still look great.
We need to see a clean break of the all time high on real volume to indicate that all of this is anything but chop… but chop near the highs is much more fun than chop near the lows.
Everything still look great.
scott.melker@texaswestcapital.com