Bitcoin following the "B word" talk we have seen a moderate surge in volume with price rising. as well as open interest. This price action towards the upside may be short lived however as we are pushing up against a strong resistance area ($32.5k-$33.5k) both on the 4H, daily chart and also is the upper trend line for the descending channel.
If we fail to break convincingly with large amounts of volume, we can expect to see an tumble down to our $30k resistance zone. Throughout today we have seen alot of FOMO beginning to arise meaning we will be looking for the 34k price region as a result of the bullish sentiment.
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