BTC - Is Bitcoin going to reject that major resistance level?
Updated
We tested the 21 daily today at 10.9k and Bitcoin is still bargaining - but we also rejected the highs of 4 days ago around 11k.
Following the current trend lines, I guess we'll see a drop to the major support zone between 9-10k.
There is some hope for a rebound around the 10k levels, but I think a retest of the daily 100 around 8.9k is more likely now.
Following the current trend lines, I guess we'll see a drop to the major support zone between 9-10k.
There is some hope for a rebound around the 10k levels, but I think a retest of the daily 100 around 8.9k is more likely now.
Trade closed: target reached
The bargaining did not end well for Bitcoin - it is falling towards that support zone. I don't believe anymore that a rebound is likely - I think this is the beginning of a major drop heading towards the zone and maybe even 9k.Comment
Bitcoin is descending...
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