BTC has lost local support around $107k and currently testing previous resistance around $104k.
If buyers are able to step in between $100k - $104k and reclaim $107k, it will signal strength.
If BTC experiences continued weakness, losing $100k as support, I would expect price to test the $95k - $97k region or 1D 200MA before signaling a reversal.
If buyers are able to step in between $100k - $104k and reclaim $107k, it will signal strength.
If BTC experiences continued weakness, losing $100k as support, I would expect price to test the $95k - $97k region or 1D 200MA before signaling a reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.