BTC/USD (Rejected 200MA? > Retest 10k strong support?)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD

-Bitcoin rejected at 200M dynamic resistance
-Plus the old support turned new resistance today
-If we can see follow-through by the Bears
-BTC is likely to retest previous support at 10.1k range
-Currently on the short term, Bears have access in the market
-Let's wait and see how BTC will react at low 10k strong support





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Comment:

Trade idea is invalidated - BTC broke above 200MA on 4H chart