BTC catching breath to test 10k!!Since BTC reached 9.8k, it has been moving sideways between those 2 red areas. The support have been tested and it managed to keep the price up.
Considering the RSI for 4h chart was a little overbought, this sideways movement is really healty for BTC. The RSI got down a little, making the rise more likely.
MACD is above signal line, being still favorable in both 4h and 1D charts.
In case we test 10k, fail and retrace, both red areas will act as support. Failing the test isn't too hard to imagine, since there are 2 HUGE resistances in this
level: 10k (psychological importance) and EMA200 of 1D chart. Both are important price levels.
A less likely situation is BTC breaking down the purple line. In this scenario, 2 great supports will act in our favour: yellow uptrend line + EMA100 of 4h chart.
Both this supports have consistently pulled up BTC price.
Hope you guys like it!
