BTC Update So far $36,000 working as good support and the long wicks showing buyers are eagerly buying below the $35,000 area. The next resistance zone for BTC is $38,500-$39,300 zone and after that the $42,000 major resistance area. We will see some accumulation below $40,000 before going up. The FUDs are well absorbed by the market and buyers defend the...
BTC should close the daily candle above the 200 MA (Yellow Line) to remain in bullish trend. If BTC unable to close above the 200 MA the market turns bearish and we see a test of $32,000 or even $29,000. Today close is very crucial. Let's hope we bounce good from 200 MA and also reclaim the $42,000 level. Market is highly volatile and not good for new entries. You...