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Bitcoin is still quite volatile while pushing lower with certain pullbacks in the process. The price has recently formed a Bullish Divergence which might lead to certain bullish pressure. However, the probability will only increase as the price trades firmly above $4,000 and the dynamic level of 200 EMA resistance along with Kumo Cloud resistance with a daily close. Despite the bears dominance in the Bitcoin, the volatility and deeper bullish pressure indicate certain counter-momentum emerging in the market. However, being below $4,000, 200 EMA, and Kumo Cloud, the bearish pressure is expected to continue pushing the price lower towards $3,500-600 and later towards $3,000 in the coming days.
SUPPORT: 3,000, 3,500, 3,600
RESISTANCE: 4,000, 4,250, 4,500
BIAS: BEARISH
MOMENTUM: VOLATILE
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
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