BTCUSD: BITCOIN Analysis - Do We See More Price Falls?!
As it was analyzed in my previous chart, the BTC buyers stepped in and push the price up. It hit the structure high at 9405 area that acts as resistance after the breakout. We saw that the price respected the resistance and bearish bars were formed.
The big orders are usually placed at key levels and I assume the bears are going to continue selling that will push the price down. Also, the buyers are going to lock their profits that will create the additional selling momentum.
- Follow & Comment -
The big orders are usually placed at key levels and I assume the bears are going to continue selling that will push the price down. Also, the buyers are going to lock their profits that will create the additional selling momentum.
- Follow & Comment -
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