Technical Analysis and Outlook
Bitcoin price lit up past few days, following trading/consolidating within our Mean Sup $8,900 and $8,650 range. The robust upside movement is pushing the top-ranked coin to Mean Res $10,000, completed Inner Coin Rally $10,060 symmetry outcome, and powerful Key Res $10,350 pause/sell zone.
As Bitcoin gradually works its way back to $10,000 area, the defined above resistance roadblocks zone could be a sticking spot where resistance will prompt a healthy pullback to a price level where the previous supports are located. To continue the rest market story, see ‘Weekly Market Review & Analysis For May 4, 2020’ page, at TradingSig_dot_com.
Published at Thu, 14 May 2020 08:59:28 +0000