- Bitcoin was rejected between 61,8 and 65 fib retracement previously at 10 000 and 8300 dollar.
- 200 MA is coming down as well to this area: last two local tops (10 000 and 8300 dollar) were rejected by 200 MA too.
- Volume is decreasing and price is rising. This relationship was previously followed by a drop.
This would indicate a price target between 7478 and 7550 dollar followed by a drop that could lead to a new lower-low.
- 200 MA is coming down as well to this area: last two local tops (10 000 and 8300 dollar) were rejected by 200 MA too.
- Volume is decreasing and price is rising. This relationship was previously followed by a drop.
This would indicate a price target between 7478 and 7550 dollar followed by a drop that could lead to a new lower-low.