BTC to retrace a bit before having another bull run?
Coincidentally, the SMA 200 on the 4hr chart acted as the ceiling resistance for the previous BTC bullish movement and the candles are showing positive signs of possible retracement. 9k is a strong support being the previous resistance level as well as a psychological level which is a very good buying spot for those who are looking for a long or just simply adding some on their long term portfolio. This level is also the 0.5 retracement level from the previous high of 12k last month.
As for the next bullish move, 10,750 being the 0.786 retracement level and 12k could be a very good profit taking for scalpers and short term traders in general. Good luck!
As for the next bullish move, 10,750 being the 0.786 retracement level and 12k could be a very good profit taking for scalpers and short term traders in general. Good luck!
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