Expected trading for today is between 13100.00 support and 15400.00 resistance
Bitcoin price under negative pressure to break 14000.00 level,
and technical indicators are mixed.
A Picture is Better Than One Thousand Words
So What Next!
Bitcoin price now is around 14200.00 and still under negative pressure. If another sell off take place, bitcoin price will break down below the 14000.00 level and the market will probably go looking towards 13100.00 followed by 12400.00 and 10700.00 level. If this happened, I believe the buyers will return and push the price from 11000.00 level to the upside again.
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
RSI indicate selloff momentum.
Stochastic indicate buying momentum.
Note, Breaching 14400.00 level and hold above it, will cancel the bearish wave and will push the price to resume the main bullish trend again.
Expected trading for today:
is between 13100.00 support and 15400.00 resistance.
Expected trend for today:
Bearish.
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