iamiyaranjan

Is Bitcoin able to Break $10K Resistance or Not !!

Long
BITTREX:BTCUSDT   Bitcoin / Tether
BTCUSDT is moves in between the Ascending Channel,
In 5th & 6th May , the price just touched $10k, then drops to support line 8900 ,
then bounce back to above $9000, Still holding at EMA20 Line.
Which is also works as a Support.
Stoch. RSI Indicator gives also a Bullish Sign,
If this level holds, the bulls will again attempt to break out of the overhead resistance at $10,000 , then we see a Rally towards
$12000;
On the other side, if BTCUSDT breaks the EMA20 line, then the
price might be drops to $8900 level,
Again if the price breaks the $8900 level,then the next stop is at the $8300 Level.

Let's See What Happend !!!!


*****If You Like My Ideas,then hit the like button & Follow me for Latest Updates..******

Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

" Be Happy, Be Disciplined & Keep Smiling "




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.