Bitcoin (BTC/USD) has stayed relatively quiet ranging between $9000- $1000 for the past two weeks or so.
Looking at the technical analaysis of BTCUSD, we can see huge range of resistance between 10k -9k , for existing support levels , we see $9300, $9100 and areas around 8.8k.
Price rejecting 10k or below is a could sign for short term sells but if bull momentum steps in and break above 10k, we may likely see BTCUSD soaring new highs.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Looking at the technical analaysis of BTCUSD, we can see huge range of resistance between 10k -9k , for existing support levels , we see $9300, $9100 and areas around 8.8k.
Price rejecting 10k or below is a could sign for short term sells but if bull momentum steps in and break above 10k, we may likely see BTCUSD soaring new highs.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
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