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Last week, Bitcoin confirmed the failed retest of the previous support around $7883 after setting a lower high for the third week in a row at $7748.70.
While the price hasn't broken the current support around $6965, if it does, then the next area of interest rests around the daily orderblock between $5901 and $6190.
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Traders bored with Bitcoin's compressed range can relish the nearly 43% surge in the price during last week. The bullish euphoria may be short-lived, though, as a view of the higher timeframes shows a retest of the lower bound of the summer's range.
Will this old support turn into resistance before a further drop? It...
Bitcoin continues to range between resistance at a weekly orderblock near $13,000 and support near $10,000.
It's debatable whether this is a distribution phase marking the end of the Q2 bull run before a more significant pullback, or whether this is a re-accumulation phase before another move upward.
The altcoin marketc...
