Hello to the large community of traders,
Within a specified period of time, Bitcoin rejected the MA 100 and reached the price of 19920.
After this period, the price rejected the moving average with a strong candlestick, and then experienced a fall again with the moving average to the price of 17620.
The price has started to rise, but there are two resistances to reach higher prices:
Resistance 1: Demand area, which may now act as supply area + 100 moving average.
The second resistance: The downtrend trend line from the price of 1920.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
Within a specified period of time, Bitcoin rejected the MA 100 and reached the price of 19920.
After this period, the price rejected the moving average with a strong candlestick, and then experienced a fall again with the moving average to the price of 17620.
The price has started to rise, but there are two resistances to reach higher prices:
Resistance 1: Demand area, which may now act as supply area + 100 moving average.
The second resistance: The downtrend trend line from the price of 1920.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...