Bitcoin (BTCUSD) is now trading below EMA10, which highly increases the potential for a drop here.
A closer look (Sharing Bitcoin's important support and resistance levels as promised):
Where do you think Bitcoin is headed next?
Share your thoughts in the comments section below.
Remember to hit like.
Namaste.
A closer look (Sharing Bitcoin's important support and resistance levels as promised):
- Looking at the moving averages as indicators for support, a drop here can lead Bitcoin to test EMA50 sitting at $6177.
- Bitcoin also has short term support sitting around the $7200 - $7450 range, followed $6775.
- On the other hand, if Bitcoin turns around and moves up, we are looking at $8410 as the main resistance, followed by $8900 and finally $9950.
- Current price is hovering around $7635.
Where do you think Bitcoin is headed next?
Share your thoughts in the comments section below.
Remember to hit like.
Namaste.
Note
Bitcoin (BTCUSD) on the Monthly Time Frame (This is an interesting chart, it is extremely bullish, come and take a look)...Here:
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