One more impulse growth is possible before a move below $9,000
For the fifth day in a row, the price of Bitcoin is located between 100- and 200-day moving averages, protruding levels of resistance and support, respectively.
Buyers could restore the pair to the average price range, so consolidation in the narrowing range is still ongoing. Today, Bitcoin is about to will meet support near the lower border of the triangle, and before a strong bearish impulse to the area of $8,900, there is a possibility of a false bullish breakout to the zone of $9,750.
Buyers could restore the pair to the average price range, so consolidation in the narrowing range is still ongoing. Today, Bitcoin is about to will meet support near the lower border of the triangle, and before a strong bearish impulse to the area of $8,900, there is a possibility of a false bullish breakout to the zone of $9,750.
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