Expected trading for today is between 10700.00 support
and 12400.00 resistance
Bitcoin price failed to break below the 10000.00
level creating a double bottom formation,
that might lead to a potential climb,
but technical indicators give mix signals.
So What Next!
Bitcoin price now is around 11600.00 / the fear zone/ and technical indicators give mix signals.
100 SMA is below 200 SMA so the downside is more likely to continue than to reverse.
Gap between moving averages signal bearish momentum.
Oscillator signal rally weakness.
RSI indicate that seller still have the upper hand.
Stochastic indicate bullish pressure.
Traders are still holding out for stronger catalysts that might sustain the climb.
Breaking 10700.00 level and hold below it will move the price toward 9300.00 level.
Breaching 11700.00 level and hold above it, will push the price towards 12800.00 level.
Expected trading for today:
is between 10700.00 support and 12400.00 resistance.
Expected trend for today: Neutral.
Depends on;
- Breaching 11700.00 / Bullish.
- Breaking 10700.00 / 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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