Bitcoin

Pullback or downtrend?

94
BTC taking a much needed break after days of buying. We are seeing a test of 9700 to 9600 price zone.

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This is not yet a downtrend, if price closes under $9670, then expect more downside.

This price point is also a potential bounce as it was on FEB 5th 2020 when price moved up from $9245 and hit 10192 on the Feb 9th.

This is the 1H chart, however, I only trade the 2H chart, which has not confirmed a downtrend or major dump as yet.

Happy Trading,

FIBAUS

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