BITCOIN Seeing Some Upside -- Weekly Bars Still Intact
Bulls are seeing some upside here, but this is likely just the upward leg from bouncing after a higher low which will likely result in a lower high and perpetuate the consolidation.
Overall longer volume is still on the decline. Google search trends are seeing the lowest search interest for "Bitcoin" that we've seen since early June. The correlation is volume and price action in conjunction with search interest.
The weekly inside bars are still intact, and we'll need to see a bull break above $10,688 to break bullish. Inside bar support is at $9,108.
Hope you're all having a great week so far! Happy Hump Day!
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