Bitcoin price is going to recover all lost and support level is continue to defends by bull. Talk between US and China that also play big roll in cryptocurrency.
In previous post trading range between $ 5782 to $6680. And the intra day low was $6232 and high was $6522.
Price of Bitcoin is flactuate around EMA50. That shaws negative pressure againgst positive bull attampts.
4H chart shows that bull is likely faces resiatance arround $6650 to $6680. It defend downtrend and behave average.
all Technical indicator shows mixed signals and RSI indicator shows buyer are in control and stochastic signal show that negative signal. And oscillator boom selling pressure.
It is failure to beat $6680 target $6039 and holding this. Now we have doubt that it test the level $5782 to $5350.
now the trend is bearish. And holding $6680.
support level 1 st is $6039
resistance level 1 st is $6680
support level 2nd is $5872
resistance level 2nd is $6964
- Expected trading between today is $5782 to 6680.
Expected trend of today is bearish.
Thats it.
Have a nice day
If you have any querry comment me
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