Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by NeuroticFish (1)
Seeing some short-term resistance from the bearish sloping 200 MA on 4hr chart. Doesn't look that problematic, but is currently rejecting $51K+ levels for now at least:
$49K is starting to look like a confluence of strong support if $50K doesn't hold in the short-term and price get's rejected at current levels.
$49K is starting to look like a confluence of strong support if $50K doesn't hold in the short-term and price get's rejected at current levels.
Time for a bounce to print a higher low on the 4hr? Some nice support prices lurking around at the moment:
VPVR currently at $48,444 - accumulation level
50 Week MA @ $48,213 - strong support
21 Day MA @ $48,723 - flat, neutral
0.5 fib @ $49,150 - neutral level