BTC Update! Bulls battling. No significant moves yet
Not much to report so haven't been active here in a while. Last chart we were watching the bulls as they flirted around $9000-9200 to see if they'd hold the initial low of pullback at $8917. They tried for a while and eventually caved. The bear follow through was not a ton (3-4% drop) and bulls made one push back above to $9150 before retracing back down. As we sit around $8700, our low of the pull back is now down at $8556. Bulls certainly do not want to see a retrace all the way back to sub $7500 where the bull move started at. This has been dragging out for quite some time now and just not a whole lot of excitement in the space recently it seems. Will continue to keep an eye on things and if bulls can start rebuilding back towards $9-10k.
Just My 2 Sats!
Just My 2 Sats!
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