As expected, Bitcoin faced some bearish correction to 5200.00 level after the strong bullish rally and now fluctuate above 5575.00 level.
So What Next..
Expected trading for the rest of day is between 5410.00 support and 6200.00 resistance.
Stochastic shows clear positive signals and support the bullish wave.
100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse.
Bitcoin try to test 5800.00 level supported by EMA50.
Holding above 5410.00 will lead the price to continue the expected rise.
Breaching 5800.00 barrier and hold above it, will push the price towards 6200.00.
Expected trading
for the rest day is between 5410.00 support and 6200.00 resistance.
Expected trend for the rest of day: Bullish.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
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