gone back to $38,000 on Dec. 1 after the November regular monthly close became its finest because April 2022.
BTC/USD 1-hour chart. Source: TradingView Bitcoin bears stop working to stimulate regular monthly close sell-off
Information from Cointelegraph Markets Pro and TradingView tracked excellent over night BTC cost efficiency, which held essential assistance.
The close can be found in at simply over $37,700, with quote liquidity protecting the intraday variety and preventing a last-minute sell-off, per order book information from trading resource Material Indicators.
BTC/USDT order book information. Source: Material Indicators/X
“Monthly close looks respectable closing above $35K,” popular trader Skew responded on X (previously Twitter.)
“Could see some multi week compression in between $35K– $39K.”
BTC/USD 1-month chart. Source: Skew/X
Alter included that significant resistance on regular monthly timeframes now lay greater– at $47,000 and around the 2021 all-time high of $69,000.
“Monthly candle light was exceptional with a candle light body low of $34.5 K, this is very important because the lower candle light BODY low was greater then the preceding candle light BODY high. This signifies strength!” fellow trader and chartist JT continued in part of his own summary.
“And lest we forget we closed $3K greater this month than last month,
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