Hey guys,

So Bitcoin hasn’t yet made that higher high that we are still looking for, with price still respecting each level of previous support as resistance. Vintage bear market behaviour, following the trend and just ticking lower.

Take a look at a zoomed out higher time frame chart for context:

BTC/USD Daily Zoomed Out

But the real interest comes when you zoom in It’s still the same daily chart as the first, but look at how after bouncing out of the support zone and looking relatively strong, price still hasn’t yet managed to break even the first previous support level that is now resistance.

Take a look:

BTC/USD Daily Zoomed In

Just manage your expectations and excitement here, because as you can see, it’s nothing special at all.

✌🏻.

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