Bitcoin is still between support and resistance levels and soon it has to make a decision whether to rally or drop.
The scenario posted yesterday remains the same.
If the support area holds, we can expect price to go above the flip-zone around $9,500.
If price breaks the support it will likely go further down to the $8,000 support area.
There is divergence between price and the RSI on the 4-hour chart as well, which could be signalling the start of another rally.
Good Luck,
CryptoTrendline
The scenario posted yesterday remains the same.
If the support area holds, we can expect price to go above the flip-zone around $9,500.
If price breaks the support it will likely go further down to the $8,000 support area.
There is divergence between price and the RSI on the 4-hour chart as well, which could be signalling the start of another rally.
Good Luck,
CryptoTrendline