Expected trading for today is between 13700.00 support and 15500.00 resistance
Bitcoin price settles around 14400.00 level, and chances still
valid to resume the bullish wave towards 15500.00 level.
So What Next!
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
The gap between moving averages reflect weaker bullish momentum.
Stochastic heading south, so bitcoin price could follow suit.
RSI suggests that sellers are eager to hop in, But if 13700.00 level hold, another bounce to 15500.00 level might be underway.
Breaching 15500.00 level and hold above it will push the price up towards 16400.00 level.
Breaking 13700.00 level and hold below it will cancel the bullish wave, and will push the price to suffer more losses towards 10700.00 level.
Expected trading for today:
is between 13700.00 support and 15500.00 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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