BTC/USD TA Update (Temporary Top?)

16 февр. 2020 г.

BTC/USD

Bitcoin is looking to set a temporary top at 10.4k areas as the previous daily candle is breaking bearish.
Technically, overall market sentiment remains bullish as we are still anticipating the golden cross of 50MA & 200MA between 8800s regions
which will be its strong floor area of support if BTC will have to come down to test these levels.
There is also a strong upward trend-line support from 6.4k - 6.9k which coincides with the 50D MA trajectory movement.
This area of confluence is the part where most traders are looking at to re-enter a Long position for potential another strong wave up to 12k or higher before the BTC halving starts.