Bitcoin crucial point
Bitcoin gained some value in last days and stays in the lateral movement between 8000.0 support and 200-days EMA resistance.
From the downside, we have global trend angle support line, which pushes the price higher. And from the upside, we have a collision of the 200-days EMA, the 9000.0 resistance level, and angle resistance line.
All these entities squeezing the price and soon the traders will have to make a decision, whether we buy and push the price higher, above the 200 EMA and 9000.0 resistance or the price will take one more dive below the 8000.0 level.
Watch for the volumes.
From the downside, we have global trend angle support line, which pushes the price higher. And from the upside, we have a collision of the 200-days EMA, the 9000.0 resistance level, and angle resistance line.
All these entities squeezing the price and soon the traders will have to make a decision, whether we buy and push the price higher, above the 200 EMA and 9000.0 resistance or the price will take one more dive below the 8000.0 level.
Watch for the volumes.
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