As it was predicted in my previous BTC analysis the price went down and hit the structure low at 8400 are, which acts as a support level. There were enough buyers and the price bounced back. It means, the new buyers stepped in and sellers lock their profits that cause the price went little up.
The BTC price moves in two key area now between 9400 (resistance) and 8400 (support). The price may moves sideways for some time and then breakout. No strong moves expected today, because of the weekend. The volatility is usually low on Sunday.
- Follow & Comment -
The BTC price moves in two key area now between 9400 (resistance) and 8400 (support). The price may moves sideways for some time and then breakout. No strong moves expected today, because of the weekend. The volatility is usually low on Sunday.
- Follow & Comment -
Comment:
Target Hit
