Bitcoin (BTC) Price Update: 200 Day Moving Average Resistance
Hi guys!
Here are my thoughts on bitcoin for today.
BTC - Daily Chart
Tools used: Fib Retracement, Moving Average, Stoch RSI, RSI and Trendlines
As you can see there on the chart the next resistance is around $9,200 which is also the current 200 MA and support/resistance on the daily chart.
Now, depending on todays' volume bitcoin might try to retest this resistance level. And if that happens, I wouldn't surprise if there is another pullback since bitcoin is on overbought territory.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
why btc up and down in few months
It's just the way it is. The market is very emotional and fuelled by news, speculations and FUD.
It's very hard but you have to do the opposite of what the market does so make it in crypto space as a trader.
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