BTCUSD - 50 & 100 DAY MA Major Support for now
Bitcoin
Lost Key Parabolic Trendline Support. Its debatable how we draw that line but looking at the overall market strucutre, BTC is now taking a pause & is most likely going downward and sideways before the next push higher. 9900-10150 Immediate near term support followed by 9600
If 9600 gives up expecting 8200-8800 Zone as next Key support
11100-11350 is now Resistance
if 50 Day MA & 9600 holds, we can expect one leg up towards 12350++
Lets see how market reacts in this area.
Lost Key Parabolic Trendline Support. Its debatable how we draw that line but looking at the overall market strucutre, BTC is now taking a pause & is most likely going downward and sideways before the next push higher. 9900-10150 Immediate near term support followed by 9600
If 9600 gives up expecting 8200-8800 Zone as next Key support
11100-11350 is now Resistance
if 50 Day MA & 9600 holds, we can expect one leg up towards 12350++
Lets see how market reacts in this area.
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