Bitcoin is compressing just below resistance and looks close to resolving. A breakout to one side should happen soon. Liquidity is still present both above and below price, which keeps the question open: Do we finally see a harder downside reaction following the sweep of the highs? Or is Bitcoin stabilizing around the 2021 ATH zone at 69k, building acceptance before pushing higher again? The next expansion should give the answer.
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Gm and happy Tuesday ☕️
$BTC Heatmap update
Bitcoin is compressing just below resistance and looks close to resolving. A breakout to one side should happen soon.
Liquidity is still present both above and below price, which keeps the question open:
Do we finally see a harder downside reaction following the sweep of the highs?
Or is Bitcoin stabilizing around the 2021 ATH zone at 69k, building acceptance before pushing higher again?
The next expansion should give the answer.