Expected trading for the rest of day is between 7000.00 support and 7600.00 resistance
Bitcoin keeps rising as expected and price swing higher to approach from 7600.00. EMA50 support the bullish wave but the other tech indicators suggest a drop. So there are still signs that bears around 7600.00 could start.
So What Next!
Breaching 7600.00 level will move the price towards 8000.00.
Holding above 7000.00 represents key condition to continue the expected rise.
Breaking 7000.00 and hold below it will push the price to drop.
EMA50 support the bullish wave.
100 SMA is below 200 SMA so the price is more likely to reverse
than to continue the rally.Stochastic show that the bears remain on top of their game.
RSI indicate that the bear in the cards.
Expected trading for the rest of day:
is between 7000.00 support and 7600.00 resistance.
Expected trend for the rest of day:
Bullish.
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