HotChili

Attention to BTC Levels

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BITSTAMP:BTCUSD   Bitcoin
Attention to BTC Levels

We are currently consolidating, it is not something serious but nevertheless, we have to pay attention to its daily closings that none of them closes below our support of 56k since in that area although demand is high, we do not find strength bullish below.

What is marked between small circles are crosses of SMAs 50-200 which are very well known, we have already seen how it was the previous Death Cross we had, in which after this we saw a decline of 14.3%; This time it is the inverse, will it allow us to break the current resistance of 59k? We see it very possible. 👌
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