The Bitcoin Seer on Nostr: ...
Market Update - 7/16/2024
Bitcoin is showing signs that $62.7k (Monthly Open) will become 4 hour support. After this morning's rejection of $65k we now have 4 hour supply at $64.4k, just under the Monday High, which is likely to be significant resistance.
We are starting to see Mt Gox move significant amounts of BTC around, so there is a little uncertainty from this FUD. Be aware that this could cause some bearish momentum and we do have some key levels below that have not been retested since the breakout- most significantly $61.4k (Prev Week High & 4hr EMA200.)
The Monday range this week is $60.6k - $64.8k.
Published at
2024-07-16 14:17:38Event JSON
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"pubkey": "1af1bf41e89ec41167dece4cb2148fc6173a0593d2b8b611bc4778a79983c379",
"created_at": 1721139458,
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"content": "https://image.nostr.build/70244da6769b43b2d375bc1cfe706f3ed023fb3e9b1fb36055949e2d12138673.jpg\n\nMarket Update - 7/16/2024\n\nBitcoin is showing signs that $62.7k (Monthly Open) will become 4 hour support. After this morning's rejection of $65k we now have 4 hour supply at $64.4k, just under the Monday High, which is likely to be significant resistance.\n\nWe are starting to see Mt Gox move significant amounts of BTC around, so there is a little uncertainty from this FUD. Be aware that this could cause some bearish momentum and we do have some key levels below that have not been retested since the breakout- most significantly $61.4k (Prev Week High \u0026 4hr EMA200.)\n\nThe Monday range this week is $60.6k - $64.8k.",
"sig": "8a6ba8916a57207c812bd950c3d4e2bed58f2212058a22521ad6f6299b067788ff658200c935a59d355aa472a1a89a05f156cf6b92fd5735900c58123ea5d2e5"
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