Is Bitcoin Can Really Hold 9300 After a Shy Touch on 10000??
4h timeframe shows a nice pullback from latest high 10000 key level in less than 24H. 10000 has a strong fib level and BTC didn't manage to breakthrough yesterday. We need a good pullback for further momentum upward, otherwise price will decline with panic sell intact.
Support level to watch out:
1) 9300
2) 8500-8800
We are currently clearly in an uptrend channel. We need to hold 9300 to maintain in the same channel otherwise 8500-8800 is an easy target downward. If we succeed in holding this 9300 support area, 10500-10700 will be the next target to hit. If not, expect further decline in price.
I expect some more decline with current price (9577 at time of writing), with RSI and MACD still has a lot more room to grow downward.
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Support level to watch out:
1) 9300
2) 8500-8800
We are currently clearly in an uptrend channel. We need to hold 9300 to maintain in the same channel otherwise 8500-8800 is an easy target downward. If we succeed in holding this 9300 support area, 10500-10700 will be the next target to hit. If not, expect further decline in price.
I expect some more decline with current price (9577 at time of writing), with RSI and MACD still has a lot more room to grow downward.
Like and subscribe for more update. Thank you friends!
Trade active:
9300 reached and we have a nice bounce from there. If this support level can hold, we can target for 10700-11000. If not, expect dump to 8800