Bitcoin's 68,000 remains a life-saving support level, with 71,000-72,500 above being a welded pressure wall. Only stabilizing at 71,000 can be considered a true rebound.
Technically speaking, the hourly chart has adjusted about enough, but the Bollinger Bands are narrowing with the upper and lower channels hovering within 1,000 points. The current approach remains one of continued dips for buying.
Bitcoin's 68,000 remains a life-saving support level, with 71,000-72,500 above being a welded pressure wall. Only stabilizing at 71,000 can be considered a true rebound.
Technically speaking, the hourly chart has adjusted about enough, but the Bollinger Bands are narrowing with the upper and lower channels hovering within 1,000 points. The current approach remains one of continued dips for buying.