BITCOIN PRICE ANALYSIS: WILL BITCOIN BOUNCE BACK?

in #bitcoin • 6 years ago

Bitcoin does not appear to have found a bottom yet and at the moment there is an inside bar forming on the daily chart.

Bitcoin needs to break above the closest resistance at $5,712 then $5,760 in order to trade above the 5 and 10-MA. There was a soft support at 5,590. traders might wait before popping in for a presumed bull break as the 4-hr resistances have not been tested since the big drop.

#bitcoinprice #market #cryptocurrency
6 years ago in #bitcoin by
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