BTC/USD
Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks.
Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600
before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much healthier
if it will consolidate for a while to establish new strong base support for the market to continue higher.
Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks.
Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600
before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much healthier
if it will consolidate for a while to establish new strong base support for the market to continue higher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.