Very crucial time for Bitcoin. Will it follow the same old bear flag pattern and drop lower (little support below 6000-5800) or make a bull break. Tight trading ranger and RSI confirms the tight price action.
Fundaments: Stock market looks a little weak, could poise as a reason to leave equities and hop into crypto. Bullish news seems to be trumping bearish news in the last month, VC slowly moving into the space.
Biggest issue is the parabolic extension from 2017 is a little lower and at a level in which I feel the most buyers will be. With this lack of volume it seems that it could drop to that level before a rally gets started.
Fundaments: Stock market looks a little weak, could poise as a reason to leave equities and hop into crypto. Bullish news seems to be trumping bearish news in the last month, VC slowly moving into the space.
Biggest issue is the parabolic extension from 2017 is a little lower and at a level in which I feel the most buyers will be. With this lack of volume it seems that it could drop to that level before a rally gets started.