Bitcoin just tapped into the major overhead supply zone 95k, which corresponds to the breakdown origin of the previous range.
Notably, we observed the highest Coinbase premium in recent sessions, signaling aggressive spot-driven demand. However, a sell wall is starting to build around 95k and 97k, suggesting that short-term sellers are positioning here.
Key support to watch: the 88k–86k range, which marks the recent breakout base and vwap.
Holding this zone would validate the breakout structure and set the stage for further continuation to the upside. Failure to hold likely triggers a deeper retest toward mid-range levels.
Expect volatility over the weekend as price oscillates between overhead supply and this critical breakout support.
Notably, we observed the highest Coinbase premium in recent sessions, signaling aggressive spot-driven demand. However, a sell wall is starting to build around 95k and 97k, suggesting that short-term sellers are positioning here.
Key support to watch: the 88k–86k range, which marks the recent breakout base and vwap.
Holding this zone would validate the breakout structure and set the stage for further continuation to the upside. Failure to hold likely triggers a deeper retest toward mid-range levels.
Expect volatility over the weekend as price oscillates between overhead supply and this critical breakout support.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.