Bitcoin: Watch for Price Action at Support
The price is going to break the local support zone. If we get a false breakout, it will be possible to see a new attempt to reach 16 000$. But I think a downward movement toward 14 000$ looks logical. If we get a breakout below the support, it will be a bearish signal. Those, who try to short the market will have their profit targets at 14 000$ support. MACD and RSI are bearish and support the downward movement.
What do you think about a further market movement? Do you think the buyers will push the price to 16 000$ again? Do you think the price will reach 14 000$ within several days? Share your ideas in the comments!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
What do you think about a further market movement? Do you think the buyers will push the price to 16 000$ again? Do you think the price will reach 14 000$ within several days? Share your ideas in the comments!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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