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Bitcoin / TetherUS

Where is BTC heading?

By Mike713
Updated
On the daily chart Bitcoin is close to a recent support area (11.200 - 11.400) which could be broken soon and the price will keep going down towards the support area at 10.250 - 10.450. On the other hand, if sellers pressure will not be sufficient to break the initial support area, then the price will reverse towards the 12.300 - 12.500 resistance area.
Comment
In the lower time frames Bitcoin broke the support area and the price it's decreasing toward the 10.100$ - 10.300$ area.
Bitcoin (Cryptocurrency)directiondowntrendshorttermSupport and Resistanceuptrend

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