Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.

Downside Break in BTC?

On the downside, the triangle support is at $9,100 and the 100 hourly simple moving average. If bitcoin breaks the 100 SMA, the bears are likely to gain momentum.

The next support is near the $9,000 level or the 50% Fib retracement level of the upward move from the $8,813 low to $9,225 swing high. A downside break below the $9,000 support may perhaps push the price towards the $8,800 support level.

Technical indicators:

▪️Hourly MACD – The MACD is struggling to gain momentum in the bullish zone.

▪️Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is attempting a break above the 50 level.

▪️Major Support Levels – $9,100, followed by $9,000.

▪️Major Resistance Levels – $9,160, $9,225 and $9,300.