The most important support zone
now is the zone formed by the uptrend line and 6000.00-5000.00 levels. If the price can bounce from it, it will be the beginning of a new upward movement. The price will move to 10000.00 resistance level
and the downtrend line. RSI
is in the oversold zone and it is going to confirm price reversal. In spite of bearish
signals from MACD
and DMI, I think it's time for buying. This support zone
is very important for Bitcoin
and it can stop the falling market. If so, buying from the current levels seems a good investing for long run.
And what is your strategy now for Bitcoin? Please, share your ideas in comments.