Overall, sentiment is still going for Long positions.
Bitcoin price, as a commodity, criss-crosses its chart range. A reward-halving rally is still possible and is looking more and more likely as other global commodities sink into a recession downturn.
Uncertain times
Bitcoin is NOT a stock. It does not have a stock price. BTC is a currency and it is valued against other currencies. It is mostly subject to supply and demand. With the current Turkey coup we are likely to see increases with uncertainty.
Bitcoin price is in the middle of a consolidation zone and the market’s inability for a consistent upward stream has a sign of consolidation. The thought is by having the lows are needed to set up an advance, and the outlook remains favored toward an advance towards the highs we had in June.
Current: Bitfinex Depth Chart and Buy/Sell Volume
Please note: This is not a Crystal ball and anything can happen :)