Bitcoin Daily chart And Weekly chart
Bitcoin Weathers Overnight Sell-Off, Looks to Test $12K
The read has advantage, given the cryptocurrency remains commerce well below the dropping trendline drawn from the Dec. seventeen high and Jan. 6 high. However, short momentum studies favor top in BTC costs.
Weekly chart
- Trendline resistance is seen around $12,300.
- The 5-day moving average (MA) and 10-day MA still rise in favor of the bulls.
*The weekly 10-MA has adopted pessimistic bias (downward sloping). - The retreat from $11,175 marks rejection at the weekly 10-day MA.
- Also, as mentioned, the RSI still favors the bears.
This is still pretty similar to: https://www.coindesk.com/bitcoin-weathers-overnight-sell-off-looks-set-to-test-12k/
But I think you are getting the idea.
PS: putting your name on an image only counts if it's your image.