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


Editor-in-Chief @Coindaily_co and Bitcoin enthusiast