Hello everyone! This is a daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, Bitcoin continued moving toward the upper boundary of the sideways range. Strong market buying emerged near that level, but unfortunately, it was absorbed by sellers.
At the moment, we are testing the POC (Point of Control) of the current trading range. Buyer activity is already appearing at this level. If bulls regain initiative, we can expect a move back to the upper boundary. However, if the price drops below the current level, there is a high probability of stop-loss hunting and a liquidity grab near $115,000.
Buy Zones:
~$115,000 (zone of initiating/pushing volumes)
$110,000–$107,000 (accumulated volumes)
This publication is not financial advice.
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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.