Bitcoin: Some Strange Price Action

The price action on bitcoin has been, well interesting the past couple weeks. I can't tell if price is coiling up to explode or if bulls are fighting a futile battle as price barely inches higher.

The 74K Ceiling, for now...

Many crypto talking heads have mentioned the 74K area as a point of resistance. Well, so far they are right as price as got there twice recently only to be immediately rejected!

Now we have a streak of 7 green days with price still below that 74k and in reality only up a couple thousand points, if that, over that time period.

Volume is mid. It's not low, it's now high. Thus, who the heck knows what direction we burst next. I supposed outside catalysts will help dictate that, whether it is the stock market pumping or dumping or more war news. As much as I like to think Bitcoin is a safe haven and should benefit from those things, it still seems to be rather correlated.

Posted Using INLEO