BTC - Will Demand Hold?

By Oligon | structure_trading | 12 Jul 2019


Bitcoin price is very close to the previous major demand zone in which we got a big reaction. If this level is tested again and broken, price would still need to go lower than $9.6k to really proof that sellers have enough strength and that lower prices are possible again. 

 

My expectation would be for this demand level to hold and push price higher into the $12.3k and $13.2k territory.

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