teefarm said:
Volume (24 hours) $39.7B todays range 42,636 - 47,660.Tested a little lower today 9 20 21.Volume not to heavy.It still looks and feels to me like Bitcoin wants to test 39k at some point.If i wanted to get long Bitcoin I would buy pullbacks near the safer levels 34,553 to 39,973.BOL
Bitcoin back near 48,300 today 9 15 2021 volume almost 31B.We tested support near 43k on 65B in volume just about a week ago.Don't like the looks of this current move short term.BOL
Bitcoin needs to continue to hold support from 39K-43k.Could get a retest a bit lower soon.
DAY RANGE 9 13 2021
43,561 - 46,697
Remember this action below was only about 7 weeks ago!!If support fails to hold this pullback and your a Bull you would have a shot at a much safer entry area.
One last note today 7 26 2021 last trade Bitcoin 38,487 at 10:17am est.Today's rally from 34,455 - 39,575 reminds a little of the plunge protection team when the stock markets were getting crushed here comes the PPT to save the day.We have went from 29k-39k in the blink of an eye.Volume is better and the short term chart much improvement.BOL
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Yes TEEFARM a drop into the $30's for btc wouldn't surprise me at all.