BTC/USD TA Update (Temporary Top?)
BTC/USD
Bitcoin got rejected at 10.5k resistance but still following this upward channel.
The price could drop to 10k - 9.8k next key support area which also coincides along with ascending trend-line support and the 50MA.
If Bitcoin can maintain the next support, we may see another attempt to challenge the High at 10.5k.
The best thing we can do for now is to let Bitcoin cool-down a bit and see if it will form a base of support for a Long opportunity.
Bitcoin got rejected at 10.5k resistance but still following this upward channel.
The price could drop to 10k - 9.8k next key support area which also coincides along with ascending trend-line support and the 50MA.
If Bitcoin can maintain the next support, we may see another attempt to challenge the High at 10.5k.
The best thing we can do for now is to let Bitcoin cool-down a bit and see if it will form a base of support for a Long opportunity.
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