Expected trading for today is between 9200.00 support and 10000.00 resistance
As expected 9200.00 level was broken and the price hold above it.
Bitcoin skyrocketed to new all-time highs, closing to
the psychological level 10000.00!
So What Next!
The price now around 9600.00 and the way is open to move
towards 10000.00 level.EMA50 keeps moving the price up.
100 SMA is above 200 SMA so the rally is more likely to continue
than to reverse.RSI & Stochastic indicate overbought conditions,
as buyers are feeling exhausted from the climb and might
be looking to book profits soon.Oscillator sare reflecting overbought conditions.
Holding above 9200.00 represents key condition to continue
the expected rise towards 10000.00.Breaking 9200.00 and hold below it, will stop the bullish wave
and will push the price to start the bearish correction towards
8570.00 before any new attempt to rise.CME bitcoin futures can be launched before the end of the year,
possibly pushing bitcoin price even past the 10.000.00 level.
Expected trading for today:
is between 9200.00 support and 10000.00 resistance.
Expected trend for today:
Bullish.
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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