FenzoFx—Bitcoin is trading just below the previous monthly high at $109,110.0, while the Stochastic remains overbought for the third consecutive day, signaling short-term overheating.
Although the broader trend is bullish, a pullback toward the anchored VWAP at $105,119.0 is expected. This level may offer a low-risk reentry, with a potential move toward the all-time high at $112,000.0.
Although the broader trend is bullish, a pullback toward the anchored VWAP at $105,119.0 is expected. This level may offer a low-risk reentry, with a potential move toward the all-time high at $112,000.0.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.