The bulls will need to change the hourly trend from current lower highs and lower lows to higher highs and higher lowes for a sign that the daily higher low may be set. They can then work on the daily higher high.
Support $6,893
Resistance $7,520
Bitcoin Daily Higher Low
Bitcoin is in a falling wedge on the daily chart and has a Daily lower high set below yesterday’s resistance of 7520 as it pulled back from the 12 Exponential Moving average. The bulls are now looking for a daily higher low and then a higher high in order to change the trend.
The bulls will need to change the hourly trend from current lower highs and lower lows to higher highs and higher lowes for a sign that the daily higher low may be set. They can then work on the daily higher high.
Support $6,893
Resistance $7,520
The bulls will need to change the hourly trend from current lower highs and lower lows to higher highs and higher lowes for a sign that the daily higher low may be set. They can then work on the daily higher high.
Support $6,893
Resistance $7,520