Author:
Bitcoin is still under sideways movement in the range of $9,000 – $9,400. Trading volume is relatively low, not much action. Currently facing the MA-50 support turend resistance level, and next to be tested is the $9,300 – $9,400 resistance. breaking it will probably lead a quick move to the $9,800 – $10K important level. From the bear side, breaking down the $9,000 support area will lead a move to ~$8,400 – $8,600 support.
Not a lot to mention. What is very interesting is the following 1 week chart (each candle represents a week), where we see the first red candle after 4 consecutive green candles.
BTC/USD BitFinex 4 Hours chart
BTC/USD BitFinex 1 week chart
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