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  • BTCBitcoin$6,692.60-0.46%
  • ETHEthereum$242.820.16%
  • LTCLitecoin$60.730.17%
Bitcoin Price Analysis: BTC Tight Ranges Continue, 4 Hour EM...
Bitcoin

Bitcoin Price Analysis: BTC Tight Ranges Continue, 4 Hour EMA 12 Resistance.

BTC -1.55% traded over 24 hours sideways on the hourly before a move up in a short term spike.


We have now been trading in this new range sideways for over 10 hours.
We are seeing illiquidity, tight ranges, and not a ton of volatility .
4 Hour EMA 12 resistance is the next level to watch for any bounce attempts.
Loss of hourly higher lows will be a red flag that we are heading back to recent lows.
We will either lose hourly EMA support, or see continuation and a bull cross of these EMAs sometime in the next couple hours.
Bulls either have break even/ small loss stop losses or are waiting for more clarity on longer term time frames.

Source: Trading view

coinmag

Editor-in-Chief @Coindaily_co and Bitcoin enthusiast

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