$BTC #BTC 200 Day SMA Resistance

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bearish cross of the 50/100 day SMA .

Current daily conditions are oversold.

200 Day SMA is acting resistance.

7800-7500-7200-6800-6500-6250-5800-5500 are all possible.

If bulls don't decide to take control we could see a bounce. Market is undecided right now, but personally I'm optimistic. This is looking decent for a bounce, even if it's short lived. Volume precedes price action, so keep an eye on that.


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