BTC 4.2k Breakout

5 Mar 2019

Circled in black, the bears failed to properly fight upward momentum over the last few days, singled by the lack of volume and relative price stagnancy. Bulls showed strength which had not been seen in quite some time. This is looking like a retest of 4.2k will come within the next few days.



Edit: Also, local dumps are becoming less violent and/or shorter. This is yet another indicator that the sell side is drying up.