It seems that every time there is negative news in the crypto space BTC seems to hold on.
Recent price action suggests that despite a perceived setback (like the China ban) BTC is still holding relatively strong, however, we are at a tricky point in the price action and the next few days will be key to observe.
Long-term trend - bullish/neutral
The major trend is up and is still intact as confirmed by the price being slightly above the 200 MA
Short-term trend - bearish
While the major trend is bullish the interim price action has created a short-term bearish trend at approx.
46K
All three indicator RSI, MACD & CMF are indicating a bearish price pattern
If we break below the 200 MA for a few days we could test $30k otherwise I see some side ways price action for a little while and an attempt to break the
52K resistance.
Hope this helps
Recent price action suggests that despite a perceived setback (like the China ban) BTC is still holding relatively strong, however, we are at a tricky point in the price action and the next few days will be key to observe.
Long-term trend - bullish/neutral
The major trend is up and is still intact as confirmed by the price being slightly above the 200 MA
Short-term trend - bearish
While the major trend is bullish the interim price action has created a short-term bearish trend at approx.
46KAll three indicator RSI, MACD & CMF are indicating a bearish price pattern
If we break below the 200 MA for a few days we could test $30k otherwise I see some side ways price action for a little while and an attempt to break the
52K resistance.Hope this helps
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.