Bulls need to reclaim 10,9K for a continuation
Updated
Yesterday was a good day for Bulls
*We Broke two major resistance ( 9.8K and 10.3K)
*we broke descending trendline
*last time we broke descending trendline BTC went up more than 20%
But
in other side
200 MA recently is acting as Huge resistance ( at least 2 times ) so we need to breake above 200MA ( Above 10.9K)
also last time we broke descending trendline we made Higher low
The price is currently under pressure and facing sellers (10.6K to 10.8K)
For me the ideal entry price would be between 9.8K 10.1K ( retesting support before continuing up)
*We Broke two major resistance ( 9.8K and 10.3K)
*we broke descending trendline
*last time we broke descending trendline BTC went up more than 20%
But
in other side
200 MA recently is acting as Huge resistance ( at least 2 times ) so we need to breake above 200MA ( Above 10.9K)
also last time we broke descending trendline we made Higher low
The price is currently under pressure and facing sellers (10.6K to 10.8K)
For me the ideal entry price would be between 9.8K 10.1K ( retesting support before continuing up)
Note
The BULLS reclaimed 10.9K but there was sell persure there ,, 10.9K its also very important for weekly close ,, fingers crossed
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