Take a fresh look at your lifestyle.

Bitcoin amid significant support and resistance, the breaking of one of these levels would mark the beginning of another strong movement.

0


We continue in the support and resistance fight that has been taking place in the crypto market in recent days. King Bitcoin currently maintains a value of $ 8,900 at the time of writing this analysis and marks a 2.03% increase in 24 hours.

With a resistance at $ 9,100 and support at $ 8650, Bitcoin enters this weekend even without making a decision for another momentum. As in the previous analysis, we continue to maintain what has been said. A break on any of these levels will mark the beginning of another strong move in Bitcoin.

We expect the break to be bullish, although the RSI is marking a slight divergence from the previous momentum, this time buyers seem to have less force to push the price to that ceiling over $ 9,100.

An option that is also reflected in the short term is the possibility of looking for the uptrend line marked above $ 8,640. Breaking this downward trend would confirm the start of a correction in Bitcoin that will take it to $ 8,000 or less.

We will closely follow the price of Bitcoin this weekend and we will be reporting.



Leave A Reply

Your email address will not be published.