Bitcoin - market update / sell at 6100 $
Market is searching after break out this week for first important resistance. On weekly chart I see first resistance at 6100 $. There is clear big resistance because before resistance this area was support for more than 6 months. Another reason is that 50 and 100 day moving average are in this area which are next important resistance. Expect a first bigger price retracement down to 4000$ if RSI is heavy over selled or near heavy over selled.
Good luck to all and have a nice weekend
Good luck to all and have a nice weekend
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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