Daily Bitcoin Update - E01
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Today we are looking at a slightly bigger picture. The price of Bitcoin (BTC) is moving in a range at the moment, while the price is being supported by the MA100 and MA200 on the 4 hour time-frame.
What might have looked like a strong reversal in the beginning of this month, ended in a further significant price decline, so please keep the following levels in sight to confirm a breakout of the range into a trending-market (either up or down.)
Cheers,
cryptobuller
Today we are looking at a slightly bigger picture. The price of Bitcoin (BTC) is moving in a range at the moment, while the price is being supported by the MA100 and MA200 on the 4 hour time-frame.
What might have looked like a strong reversal in the beginning of this month, ended in a further significant price decline, so please keep the following levels in sight to confirm a breakout of the range into a trending-market (either up or down.)
- The price breaking the resistance level at 7700.00 would confirm further bullish movement (higher high)
- The price breaking the support level around 7000.00 would confirm further bearish movement
Cheers,
cryptobuller
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