Bitcoin is currently fighting its way to stay in the $9500 - $9900 range. Trades are seeing this price as an opportunity in order to close some trades and take profit would it causing the price to drop slightly.
We are are waiting on the MACD lines to cross over in order to confirm an upcoming bearish trend which is further backed up by RSI which is currently in the overbought section (However, not as high as it has been).
If the price does continue dropping which may see a short-term decrease in the support levels indicated by the chart. This is not to say Bitcoin will not continue over $10,000 as it may in the short-term if the resistance is broken.
As always trades the lines accordingly.
We are are waiting on the MACD lines to cross over in order to confirm an upcoming bearish trend which is further backed up by RSI which is currently in the overbought section (However, not as high as it has been).
If the price does continue dropping which may see a short-term decrease in the support levels indicated by the chart. This is not to say Bitcoin will not continue over $10,000 as it may in the short-term if the resistance is broken.
As always trades the lines accordingly.
- Resistance - Orange.
- Support - Pink.