Daily Bitcoin Update - E01Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
Today we are looking at a slightly bigger picture. The price of Bitcoin (BTC) is moving in a range at the moment, while the price is being supported by the MA100 and MA200 on the 4 hour time-frame.
What might have looked like a strong reversal in the beginning of this month, ended in a further significant price decline, so please keep the following levels in sight to confirm a breakout of the range into a trending-market (either up or down.)
The price breaking the resistance level at 7700.00 would confirm further bullish movement (higher high)
The price breaking the support level around 7000.00 would confirm further bearish movement
Cheers,
cryptobuller
