UnknownUnicorn3707027

Bitcoin - uncertainty grows - revisit of MA200?

Short
BITSTAMP:BTCUSD   Bitcoin
We are experiencing more downward pressure. The 10k level must hold which aligns with the trend-line all the way from the beginning of May. If this line will be broken, we most likely revisit the MA200 and a spike to lower regions can occur.
Therefore, some buy-orders in the low 9k region are set.

Long-term as speaking of weekly and monthly, I am still bullish and I don´t expect us to fall through the MA200.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.