Compared to the price action of the previous two weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Saturday the price came within $10 of $10,000 before pulling back to $9,794 and at the time of writing the price continues to meet resistance at $9,900.
On the 6-hour timeframe, the volume profile visible range (VPVR) shows the price rejecting at the high volume node at $9,883 but at the same time, we can see that purchasing volume is beginning to outpace selling volume.
Despite the inability to hold above $9,900, the shorter timeframe also shows Bitcoin price painting higher lows since the drop on Feb. 19 to $9,352 and the price is also holding well above the 20-MA of the Bollinger Bands indicator.
A high volume surge could easily push the price to the upper Bollinger band arm at $10,126 but Bitcoin would still have some challenges ahead.
Source: Cointelegraph.
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Source: Cointelegraph News
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Source: Cointelegraph News
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Source: Cointelegraph News
Important:
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I do not own ANY of the soundtrack, property and rights for audio/ video go to the OWNER.
If any content owners would like their images/video removed, please message me and I will do so.
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