Bitcoin does not currently have strength to beat $ 10,000

Bitcoin does not currently have strength to beat $ 10,000

In the previous analysis, we focused on the $ 10,000 area, because we were in close proximity to. After a week, we can see that BTC did not even touch this prize and the bears sent it under $ 9,000 where the bulls lost the support zone. Today we reached a daily minimum of $ 8642 (binance) and we currently have two scenarios here.

So let’s take a look at what we can expect from BTC for the following days:

  • From $ 9,000 support has become a resistance that the bears will guard
  • At $ 8400 we have a very important bull support zone, the following support is much lower at $ 7500
  • BTC is under MA200 which is another bearish mark, the next EMA300 support is at $ 8536
  • If we close below $ 8,500 today, it will be a strong bearish signal

Watch for two important areas: $ 9,000 to revive the bulls and $ 8,500 which, if we break through the bears, will gain a clear advantage.

Trading tips:

  • LONG orders around 8400$ – 8500$ SL 5%
  • SHORT orders around 9000$ – 9200$ SL 5%

Live analysis


Share Tweet Send
You've successfully subscribed to CCnews24
Great! Next, complete checkout for full access to CCnews24
Welcome back! You've successfully signed in
Success! Your account is fully activated, you now have access to all content.