BTC price heads below $34,000 as Bitcoin trades hope a consolidation phase will preserve $33,000 support.
“We are going to have to wait for some candles to develop to see what the next move is, but we can gain some insight by continuing to monitor liquidity placement in the order book,” monitoring resource Material Indicators wrote in part of its
Material Indicators flagged $33,000 as the key level to hold, as “any wicks below that level before the Monthly candle close would invalidate this attempt at a Bull Market breakout.” Other popular market participants, including Michaël van de Poppe, founder of trading firm MNTrading, had similar BTC price zones of interest.On the other hand, areas between $32.6-33.1K, if we get there, areas of longing.
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