Good morning traders, hope you had a wonderful weekend and are all ready to take on a brand new week ahead !
BTCUSD has broken out of the bearish trend line and is now sitting on a support level at 8565. If this level holds, we expect the price to continue its bullish move towards the 10,000 mark.
Alternatively, it may falls to the next lower support at 8194 which we think is less likely though possible.
Trade safely, always have SL in place, manage your risk and capital properly and most importantly, stay positive always !
BTCUSD has broken out of the bearish trend line and is now sitting on a support level at 8565. If this level holds, we expect the price to continue its bullish move towards the 10,000 mark.
Alternatively, it may falls to the next lower support at 8194 which we think is less likely though possible.
Trade safely, always have SL in place, manage your risk and capital properly and most importantly, stay positive always !
Commentaire:
it appears bitcoin is immune to the virus that rocks the stock market globally. Well supported at 8565 level. Let's see how it perform in the remaining week.
Commentaire:
Guess we were wrong and it followed the global stock market on its downward movement. Let's wait a while more to see if it rebounds, after all , it is still above the bullish trend line.
