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mbruncic

Short term sideways market

Bitcoin (BITFINEX:BTCUSD)  
mbruncic  
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Moving Averages short-term
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supportandresistance movingaverage short-term
Since we are approaching 200 period MA on 4h chart and MA is in the previous resistance area of 10k I expect the price to move sideways for some time.
Another reason why I don't think price can move higher at this time is the RSI that's been around 70 today
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