Lucychan

Lucychan Updated 

After rising around the bottom at 6,400 USD in Dec, 2019 and passing the resistance areas at 7,800 USD, 8,200 USD, $ 9,200 USD, and $ 9,500 USD and reached to around 10,500 USD BTC looks like entering the correction phase rather than a short correction time like we saw recently when BTC increased because the volume recovered weakly and the price broke the support...

Lucychan

After having the support around 9,500 USD, BTC had many days trading above 10,000 USD with the highest high in 2020 is about 10,550 USD up to now. However, last weekend, we began seeing a correction of BTC price. Look at daily chart, we can see BTC access to the overbought zone of RSI in some days and have a light bearish divergence from Feb 09th, 2020 to...

Lucychan Updated 

After consolidation around MA200 and made zone 9,400-9,500 become support, BTC can test the zone 10,300 USD. At this price, also marked by Fibo 0.5 and BTC was denied in Oct, 2019 in a rally of nearly 3,000 USD so if BTC reclaims this area, it will confirm we have higher high in a uptrend phase from bottom zone between 6,400-6,800 USD. Let we see if we can hold...