Bitcoin Price Analysis - Technicals show potential for 21% decline in coming weeks
#crypto #bitcoin
Technicals for BTC/USD reveal a bullish trend shift with the current spot price above both the 200-day EMA and the Cloud. US$8,100 is a key support level, along with the Cloud and Kijun at US$7,200. Overhead resistance stands at the yearly pivot of US$13,000. Over the next few weeks, a bearish edge-to-edge trade on the daily Cloud may trigger, with a price target of US$7,200.
OhNoCrypto
via https://www.ohnocrypto.com
Josh Olszewicz, Khareem Sudlow
Technicals for BTC/USD reveal a bullish trend shift with the current spot price above both the 200-day EMA and the Cloud. US$8,100 is a key support level, along with the Cloud and Kijun at US$7,200. Overhead resistance stands at the yearly pivot of US$13,000. Over the next few weeks, a bearish edge-to-edge trade on the daily Cloud may trigger, with a price target of US$7,200.
OhNoCrypto
via https://www.ohnocrypto.com
Josh Olszewicz, Khareem Sudlow