Hello Traders,
Welcome to my new update on Bitcoin. After the bounce at 7700 yesterday, Bitcoin have tried few times to break $8400 resistance level and they all ended up failure.
However, every time bear was under control, Bitcoin quickly recovers, and it is contesting $8400 yet again. (blue and orange circle: very interesting repetition)
Looking at 15 mins chart, we see that EMA200 and $8400 will overlap around the time Bitcoin will contest this resistance. Most likely (70%), Bitcoin will bounce from this resistance again.
It seems like $7900 is a major support for Bitcoin at the moment.
Welcome to my new update on Bitcoin. After the bounce at 7700 yesterday, Bitcoin have tried few times to break $8400 resistance level and they all ended up failure.
However, every time bear was under control, Bitcoin quickly recovers, and it is contesting $8400 yet again. (blue and orange circle: very interesting repetition)
Looking at 15 mins chart, we see that EMA200 and $8400 will overlap around the time Bitcoin will contest this resistance. Most likely (70%), Bitcoin will bounce from this resistance again.
It seems like $7900 is a major support for Bitcoin at the moment.