Bitcoin Continues Lower, $8950 Next? Support & Resistance Mapped
Updated
We have a bearish inside bar for BTCUSD (Bitcoin) with bearish indicators... Prices can continue to drop.
If Bitcoin fails to move back above EMA10 ($9811.3), prices are likely to move lower.
The first support we look for is sitting at $9167 or EMA50. Followed by $8864 or MA200.
Additional levels are marked on the chart.
Conditions for change
If Bitcoin reverses and closes above EMA10, resistance can be found in the $9,900 - $10,000 price range, followed by $10,300-10,500... These levels need to be broken for Bitcoin to hit new highs.
Thanks a lot for reading.
Namaste.
---
Gold (XAUUSD) Continues Super Bullish | $2,222 Next?
If Bitcoin fails to move back above EMA10 ($9811.3), prices are likely to move lower.
The first support we look for is sitting at $9167 or EMA50. Followed by $8864 or MA200.
Additional levels are marked on the chart.
Conditions for change
If Bitcoin reverses and closes above EMA10, resistance can be found in the $9,900 - $10,000 price range, followed by $10,300-10,500... These levels need to be broken for Bitcoin to hit new highs.
Thanks a lot for reading.
Namaste.
---
Gold (XAUUSD) Continues Super Bullish | $2,222 Next?
Note
MERBTC (+164%) @alanmasters](https://s3.tradingview.com/o/OIVa0uMu_mid.png)
BQXBTC (+178%)
METABTC (+92%)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.