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
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.