🚨 Market Update - 👀
For the first time since breaking above $100k, Bitcoin has been starting to consolidate in a 4hr range. This has given us 4hr support at $102.5k, with a number of confirmed retests, and 4hr resistance at $103.6k. The last 4hr candle closed just slightly above this, and the reaction so far on this candle suggests that a breakout could be under way.
Of course, we usually see less volume on BTC at the weekend, but if we see more signs that $103.6k is becoming 4hr support then this could see the price push to $106k heading into the weekly close. If we accept back under $103.6k then I will be watching what happens on the next reaction at $102.5k again.
