FXAutomate

One last move higher?

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has for now found some support from the Daily 100 SMA and appears to be looking for another test of resistance. The area of resistance I am considering is the Yearly R2 Pivot @ 46100 which currently finds itself right in between the Daily 200 and 50 SMA's. If price gets rejected from there and falls below 41k support a move towards the 365 Day SMA @ 38k is highly probable.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.