Expected trading for today is between 10700.00 support
and 12900.00 resistance
Bitcoin price moved higher and is trading above 11000.00
to open the door for more gain above 12000.00 level and a
solid support base was formed above the 10200.00 level.
So What Next!
Bitcoin price now is around 11500.00 / the fear zone/. The trend is bullish and most of the professional traders are expecting a strong rebound from the current price level.
Bitcoin price will appreciate in value over the next few weeks, as multiple hedge funds are currently looking at these futures contracts in a positive light.
Technical indicators signal that buyers have the upper hand and bitcoin price might move towards 12400.00 level.
4-hours MACD in the bullish zone.
4-hours RSI above the 50 level and is moving higher.
The price now is above the EMA50.
Breaching 12400.00 level and hold above it, will push the price towards 12900.00 level.
Note; Breaking 10700.00 level and hold below it will cancel the bullish wave and will push the price to re-test the low of year at 9300.00 before any new attempt to raise.
Expected trading for today:
is between 10700.00 support and 12900.00 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.
