BTC/USD TA Update (Short-term pullback?)
BTC/USD
Bitcoin broke bearish of this bear flag on 2hr time-frame period.
Currently, the price is testing previous support and upward trend-line coming from 8200-9100 two touchpoints.
If we see BTC drops to 9600s and the RSI hits oversold on hourly time-frame we might experience a potential relief bounce to upper 9800s.
At 9600 areas are our key support levels to keep this uptrend going,
if we lose 9600s Bitcoin could drop further down to the 9300s and consolidate in those regions.
Bitcoin broke bearish of this bear flag on 2hr time-frame period.
Currently, the price is testing previous support and upward trend-line coming from 8200-9100 two touchpoints.
If we see BTC drops to 9600s and the RSI hits oversold on hourly time-frame we might experience a potential relief bounce to upper 9800s.
At 9600 areas are our key support levels to keep this uptrend going,
if we lose 9600s Bitcoin could drop further down to the 9300s and consolidate in those regions.
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