The Bitcoin Seer on Nostr: Market Update - 7/16/2024 Bitcoin is showing signs that $62.7k (Monthly Open) will ...
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 16:17:38Event JSON
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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.",
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