BTC fight between strong resistance at 8470 which meets with the Weekly 50 MA and strong support at 7714 which meets the Weekly 20 MA
There is 2 scenarios:
1- If the bulls defend the support area , we will see the last run to weekly resistance at 9659 level which meets with the downtrend.
2- If the bulls failed to defend the support, we will test 7100 before going to test 6800 level.
There is 2 scenarios:
1- If the bulls defend the support area , we will see the last run to weekly resistance at 9659 level which meets with the downtrend.
2- If the bulls failed to defend the support, we will test 7100 before going to test 6800 level.