Earlier today, BTC broke the standoff for and headed north for the short-term. Will this be an early indicator of a reversal? My guess, yes in the medium term.
Looking at the recent history, Bitcoin is facing strong support at ~10000 level and strong resistance at ~12700. We will expect BTC to travel in between this interval for the next week. A violation at 12700 will indicate the end of the bearish market starting from the end of 2017.
Looking at the recent history, Bitcoin is facing strong support at ~10000 level and strong resistance at ~12700. We will expect BTC to travel in between this interval for the next week. A violation at 12700 will indicate the end of the bearish market starting from the end of 2017.
Comment:
Let's get on the train and patiently wait for the price to hit 12700 before BTC makes its next big move.