BTC is currently exactly in low volume area, which acts as a support or resistance, depending whether we are below this zone or above. So right now I see two scenarios:
1) Price will get above 46k and we will be trading sideways above that grey area and uptrend will continue.
2) Price will get below that grey box and we will eventually go back down to 30k - there is very strong support.
Sentiment is pretty bearish, fear & greed index is very low, so long term probably very good buying opportunity, even on current prices.
1) Price will get above 46k and we will be trading sideways above that grey area and uptrend will continue.
2) Price will get below that grey box and we will eventually go back down to 30k - there is very strong support.
Sentiment is pretty bearish, fear & greed index is very low, so long term probably very good buying opportunity, even on current prices.