To reach 9,000 ,which is the next target, BTC needs to stay above 7400. Price action says that we may consolidate for a day or two before another major move.
Indicators show that there's a looming downward pressure. If it goes below 7,400 then we can see the price hover above 5,600.
However, the thrust from the new support at 5,600 was a good indication that the market is bullish with Bitcoin. Still, it's too uncertain to predict the exact future movement as we are way too high in this game.
Indicators show that there's a looming downward pressure. If it goes below 7,400 then we can see the price hover above 5,600.
However, the thrust from the new support at 5,600 was a good indication that the market is bullish with Bitcoin. Still, it's too uncertain to predict the exact future movement as we are way too high in this game.