BITCOIN Pulling BacksteemCreated with Sketch.

in bitcoin •  15 days ago 

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After seven straight bullish days, we're seeing some significant pullback across the market space.

BTC is looking to pullback and test the strong $11,000 level. Below this, we're looking at $10k psychological basically.

4-hr RSI was the highest it's been since the trend high, so there's a case we might not see any higher until we pull back, normalize, and establish a higher low support on the daily.

4-hr bear volume does seem to be declining, so this is a test of patience to wait. Likely, this will turn into a consolidation wedge pattern over the next couple of days (which is what I'm expecting).

Sit tight for now. Hope you're all having a great Tuesday!

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