Although there is lack of fundamentals action for the world of crypto and things have calmed down a bit, price remains above 9500, finding support in the zone around 9085. Technicals lead to a bullish bias, which may led the price again above the 50 daily moving average towards 10917. As the zone has prove to be a strong resistance, I except a short-term move down again towards 9085.
I expect the consolidation to stay relevant for some time until a relevant catalyst triggers a larger price movement.
Range expectations are for 10917 - 9085.
I expect the consolidation to stay relevant for some time until a relevant catalyst triggers a larger price movement.
Range expectations are for 10917 - 9085.
