Bitcoin is bouncing between 9900 $ and 8400 $. Between this support & resistance it formed some weaker supports. We're also looking at a weak and descending RSI & MACD.
What could happen :
- BTC will go down and bounce off at the stronger support or at a weaker one or form a new weak support:
- > It will then go back heading towards the stronger (or weaker) resistances to potentially break those.
- BTC breaks the stronger support as the MACD & RSI continue to fall
What could happen :
- BTC will go down and bounce off at the stronger support or at a weaker one or form a new weak support:
- > It will then go back heading towards the stronger (or weaker) resistances to potentially break those.
- BTC breaks the stronger support as the MACD & RSI continue to fall