Needless to say, the resistance is lined up with this MA bear-cross. With the market now closed for the weekend, I'd anticipate some sideways trading while anticipating confirmation of rejection from the bear-cross, ideally between February 5th-11th before breaking down to mid $5K area.
Note, chart posting around the $8K price mark, notably after the close of trading at $8,125.
This TA is a follow up from the that didn't occur as expected (time-wise) but did reach it's intended target around $8,500 (price), with the expected outcome remains downside to similar levels :
February 5th-11th 2020 - The Next Swing Low:
Network Hash Gives 10th Buy Signal In 9 Years:
Extrapolating 2014 Correction - Could $6,500 Be The Low?
Two & Four Year MA's Claim It's Time To Accumulate: