Bitcoin is going either to $11.000 or $10.000 from here.
Bitcoin is testing the uptrend line from which is very likely to either retest $11,000 or fall to $10.000.
The 50 and 20 EMA's are in uptrend, but if the uptrend line gets broken, they will be in a downtrend.
200 and 50 EMA's are still in downtrend.
RSI is below 40, bearish.
MACD continue with a selling wave.
I will update this idea, when it's more clear if the price is going to $11k or $10k.
Until then,
Tibor
The 50 and 20 EMA's are in uptrend, but if the uptrend line gets broken, they will be in a downtrend.
200 and 50 EMA's are still in downtrend.
RSI is below 40, bearish.
MACD continue with a selling wave.
I will update this idea, when it's more clear if the price is going to $11k or $10k.
Until then,
Tibor
Komen:
Price of Bitcoin broke below the uptrend line, but has found a significant support at $10.280 which is one of the key support levels in the analysis above. The fact that Bitcoin broke above $10.430 means retest of $10.600
