Expected trading for today is between 15200.00 support and 17000.00 resistance
The bearish correction started after testing 17400.00 level.
So What Next!
The price now around 16700.00 and technical indicators indicators giving mixed signals.
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
Stochastic indicate that selling pressure is in play.
RSI reflect profit-taking among buyers.
Note, Breaching 17000.00 and hold above it will stop the bearish wave to resume the main bullish trend.
Bitcoin price enjoy strong support from rising investor interest on the heels of the CBOE futures launch. So the pullback might atract the buyers to draw more bullish momentum in.
Expected trading for today:
is between 15200.00 support and 17000.00 resistance.
Expected trend for today:
Bearish.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
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