Bitcoin made another pullback from the key psychological of $99k support price level.
Bitcoin is struggling to maintain its price above the resistance $104k.
BTC has to make a day above this resistance to keep the bullish momentum continue. A day close above the resistance will help bitcoin to extend the rally $107K.
However a day close below $104k could result in fall of the price to $99k again.
Relative Strength Index RSI is at 37 low then the level of neutral indicating the bear hold in the market. Moving Average Convergence Divergence made a bearish crossover Monday forming weaker histogram indicating that bearish momentum is getting weaker.
#BTC
Bitcoin is struggling to maintain its price above the resistance $104k.
BTC has to make a day above this resistance to keep the bullish momentum continue. A day close above the resistance will help bitcoin to extend the rally $107K. However a day close below $104k could result in fall of the price to $99k again.
Relative Strength Index RSI is at 37 low then the level of neutral indicating the bear hold in the market. Moving Average Convergence Divergence made a bearish crossover Monday forming weaker histogram indicating that bearish momentum is getting weaker.
#BTC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.