BTC/USD TA Update (Pullback to 200D MA?)
BTC/USD
Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks.
Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600
before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much healthier
if it will consolidate for a while to establish new strong base support for the market to continue higher.
Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks.
Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600
before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much healthier
if it will consolidate for a while to establish new strong base support for the market to continue higher.
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