MMBTtrader

BTCUSD strong resistance zones are ahead and price can dump hard

Short
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BITSTAMP:BTCUSD   Bitcoin
Short-term Analysis

As we can see price started to see some correction in the 60K resistance zone and this correction can easily become a huge dump only if some local supports here break.

The first local support and strong one is 200 MA(moving average) support that is really important and if we see also the previous pump from 40K support started after breaking this 200 MA:
vc-23.yazd.ac.ir/class-2224188-01

Notice: strong supports and resistance are mentioned on the chart too.

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Kommentar:
Daily view and manipulated market:
Kommentar:
The first local support and strong one is 200 MA(moving average) support that is really important and if we see also the previous pump from 40K support started after breaking this 200 MA:



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