Bitcoin: New Attempt to Reach 10 000USD

The price bounced from 9000USD support and the weekly downtrend line. MACD histogram is bullish, but it is at the signal level. ADX line is going down. It tells us about a sideways movement. SMA50 is acting as a resistance line right now. If buyers can push the price above it, we will be able to expect an upward movement with the main target at 10000USD. If they fail and the price bounces from SMA50, it will be another attempt to break 9000USD and move below SMA100 and SMA200.



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.