Bitcoin Price Analysis: Consolidation Tests Strong Macro Resistance

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Bitcoin is currently perched between a well-defined band of prices outlined on both the weekly and monthly timeframes. If we can maintain support on our weekly $8,200 level, we can expect to see the market push to test the upper boundaries of the resistance in the $9,200 to $9,500 range. However, if support does not hold and we manage to fall through, we can expect to see a much deeper test and potentially revisit the $6,400 to $6,800 range.

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  • bitcoinBitcoin (BTC) $ 10,563.00
  • ethereumEthereum (ETH) $ 224.10
  • rippleXRP (XRP) $ 0.326994
  • litecoinLitecoin (LTC) $ 98.82
  • bitcoin-cashBitcoin Cash (BCH) $ 319.06
  • binancecoinBinance Coin (BNB) $ 31.58
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  • tronTRON (TRX) $ 0.029032