Short Term BTC Analysis
So, here's what is happening right now:
This 2 hr chart seems to be painting a clear picture of support/resistance levels to watch (on top of the horizontal levels)
200 MA = Support
Green Trendline = Support
$7185 = Horizontal Support
$7270 = Horizontal Resistance
600 MA = Resistance
If we drop below the green trend line and confirm it as resistance I'd expect a movement further down to $6900, if we manage to break above the 600MA and confirm it as support I'd expect us to go to at least $8300.
This 2 hr chart seems to be painting a clear picture of support/resistance levels to watch (on top of the horizontal levels)
200 MA = Support
Green Trendline = Support
$7185 = Horizontal Support
$7270 = Horizontal Resistance
600 MA = Resistance
If we drop below the green trend line and confirm it as resistance I'd expect a movement further down to $6900, if we manage to break above the 600MA and confirm it as support I'd expect us to go to at least $8300.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.