Bitcoin Continues Lower, $8950 Next? Support & Resistance Mapped
Updated
We have a bearish inside bar for BTCUSD (Bitcoin) with bearish indicators... Prices can continue to drop.
If Bitcoin fails to move back above EMA10 ($9811.3), prices are likely to move lower.
The first support we look for is sitting at $9167 or EMA50. Followed by $8864 or MA200.
Additional levels are marked on the chart.
Conditions for change
If Bitcoin reverses and closes above EMA10, resistance can be found in the $9,900 - $10,000 price range, followed by $10,300-10,500... These levels need to be broken for Bitcoin to hit new highs.
Thanks a lot for reading.
Namaste.
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Gold (XAUUSD) Continues Super Bullish | $2,222 Next?
If Bitcoin fails to move back above EMA10 ($9811.3), prices are likely to move lower.
The first support we look for is sitting at $9167 or EMA50. Followed by $8864 or MA200.
Additional levels are marked on the chart.
Conditions for change
If Bitcoin reverses and closes above EMA10, resistance can be found in the $9,900 - $10,000 price range, followed by $10,300-10,500... These levels need to be broken for Bitcoin to hit new highs.
Thanks a lot for reading.
Namaste.
---
Gold (XAUUSD) Continues Super Bullish | $2,222 Next?
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