Bitcoin (BTC) Price Update: Up Coming Resistance at $9,300
Hi guys!
I mentioned yesterday about a rally to the second price target for this bounce. Here is an update on bitcoin for today.
BTC - Daily Chart
Tools used: Fib Retracement, RSI and Trendlines
Looking at RSI and volume I think bitcoin might have a small pullback soon. Note that $9,300 (second price target) is also previous support and resistance since late November 2017 so even if bitcoin reached this target price level I would expect some resistance.
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!
Simple charting look is good. BTC will low volume more likely to retrace down first a bit and the next 2 day bullish then, start friday night to sunday night Bearish again to follow its' usual weekly pattern....we will see.
Thanks. I never notice the weekly pattern on bitcoin. I only switch between daily to weekly and 4/12 hours time frame sometimes.
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