Bitcoin

XBTUSD: Thoughts on Bitcoin. What's next?

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Bitcoin failed to pass resistance 10500 zone and fell to 9800 where it bounced.

Now the market is in limbo, the question is, what setups exists at the moment?

I think long from ~9750 with moderate risk looks not bad as well as short from 10050, new resistance zone bitcoin needs to overcome to come back to a higher range.

I'm looking for longs from 9750 - 9650 zone or for short higher than 10050 if we'll get strong rejection by this level.

Information is just for educational purposes, never financial advice. Always do your own research.

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