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Bitcoin / TetherUS

BTC Update (Weakness from Bulls)

Oleh StatFall
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BTC getting hit with a pullback at the moment. So far we have bounced at the 200 Day MA, which has acted as support since all the way back on Feb. 8th of this year. If it holds, will reevaluate next move up. Not very confident that we hold here. If the 200 MA doesn't hold here look for a test of the $6500 area which was recently flipped from Resistance to Support. Lots of trades have been taken at this $6500 level. BTC ranged at this area from August to November of last year. If that breaks looking at around $5500 before shooting up again. $6500 level looks to me like a reversal/turning point. Anything can happen in the Crypto space though, stay safe.
Nota
Sorry guys not the 200 Day Ma. 200 Day MA on the 4hr
Nota
Bounce at the 200 MA is holding so far, neutral.
200mabinanceBitcoin (Cryptocurrency)BTCChart PatternscryptoCryptocurrencyTechnical IndicatorsTrend Analysis
StatFall
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