BTCUSD; quietly moving north
Perhaps this coin is moving a bit too quiet? In theory this market should be heading to the next and more critical Fibonacci level (38.2%) at around 11300.
As long as the short-term bullchannel is in place this is what to expect. Bulls will have to create some better momentum however to avoid impatient sellers entering. So, watch the low end of the channel at around 9300/9270 for support. Below there a risk is seen to the lower 8000's. 10100 sees some mild resistance but above that 11300 is implied.
As long as the short-term bullchannel is in place this is what to expect. Bulls will have to create some better momentum however to avoid impatient sellers entering. So, watch the low end of the channel at around 9300/9270 for support. Below there a risk is seen to the lower 8000's. 10100 sees some mild resistance but above that 11300 is implied.
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