I think Bitcoin at the moment has 50 -50 possibilities to go up or down.
Today Bulls seems are weak. We have to see that long ago. May is one sign that
price soon will start retrace. A support at 9500 - 9550 is a must keeping zone
for bulls and a range that is must to close on daily candle. Anything else below
this are i expect retracing of price by the following levels....
9300 (SUPPORT)
9100 (100 MA)
8800 (SUPPORT)
For the opposite direction, to keep the bullish momentum, as i said and above,
is must the today daily candle to close above 9500 range.
In that case bulls needed to break the resistance at 9700-9750 and to give us
again the hope for a retesting of 10k area. Above 10k, 10500 is the next target.
Personally i am full of fiat at the moment and i will follow the above numbers
accordingly.
My opinion...
Today Bulls seems are weak. We have to see that long ago. May is one sign that
price soon will start retrace. A support at 9500 - 9550 is a must keeping zone
for bulls and a range that is must to close on daily candle. Anything else below
this are i expect retracing of price by the following levels....
9300 (SUPPORT)
9100 (100 MA)
8800 (SUPPORT)
For the opposite direction, to keep the bullish momentum, as i said and above,
is must the today daily candle to close above 9500 range.
In that case bulls needed to break the resistance at 9700-9750 and to give us
again the hope for a retesting of 10k area. Above 10k, 10500 is the next target.
Personally i am full of fiat at the moment and i will follow the above numbers
accordingly.
My opinion...