Daily Market Analysis - BTC
The market is up to 288.15B. Market dominance is up to 58.87%. The price of Bitcoin is testing key resistance at 9500.
Over the past 24 hours, the price successfully broke to the topside of the bull flag.
We can see the price has reached a key level of resistance, and if broken, the price could break to 10000.
Our indicators are still bullish here. Although the StochasticRSI is reaching its range-bound top, the MACD is signaling a bullish crossover.
The crossover suggests this move could have further continuation and is illustrated by the green box.
Bearish: Price fails to break resistance at 9500. Possible support re-test at 9000-9200.
Bullish. Price breaks above resistance and continues it's bullish momentum to 10000.
Bullish 45% / Bearish 55%
Over the past 24 hours, the price successfully broke to the topside of the bull flag.
We can see the price has reached a key level of resistance, and if broken, the price could break to 10000.
Our indicators are still bullish here. Although the StochasticRSI is reaching its range-bound top, the MACD is signaling a bullish crossover.
The crossover suggests this move could have further continuation and is illustrated by the green box.
Bearish: Price fails to break resistance at 9500. Possible support re-test at 9000-9200.
Bullish. Price breaks above resistance and continues it's bullish momentum to 10000.
Bullish 45% / Bearish 55%
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