Bitcoin daily candle starting bullish, upside resistance at 4140, 4270, and 4340
Yesterday's action was a clear washout of weakhands.
The supportive candle is very strong. That being said, price is still very high, but would not rule out a move to 5000 before another major pullback. The meat of this move would likely not occur until September as $4500 could provide some resistance.
It remains to be seen if we can take out yesterdays high but if we can price should be able to attack 4270 and possibly 4340. The downside does look exposed until 3920 and 3840 but it is possible the FOMO could cause us to shoot up with no pullback.
I plan to buy more near 3920 and 3840.
Daily chart
That looks good.
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awesome! thanks ill check it out
When candle sticks are "raking" at Support level or Resistance level it's usually an indication of market change .. In most cases
i agree
yeah hopefully 5k soon. it would be lovely to see 7k-8k by the end of the year
yes that would be awesome if it makes it that far by year end. thats around my target too, 7k
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