What is Nostr?
The Bitcoin Seer
npub1rtc…lykr
2024-07-16 14:17:38

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.
Author Public Key
npub1rtcm7s0gnmzpze77eexty9y0cctn5pvn62utvydugau20xvrcdus9dlykr