Bitcoin Price Analysis: Market Is Set for Deeper Tests

2019-11-2 23:44

Summary: The bitcoin market has seen several tests of its $9,000 support and a failure to rally above the weekly resistance zone at $9,250.If the market breaks support, the next logical level to test is at the $8,700s. The $8,700 level is a logical retest point as it represents the prior trading range that led to our massive breakout last week.A tepid, neutral monthly close has us looking toward the weekly candles for guidance.  For a bullish continuation of our uptrend, we want to see the weekly candle close above the overhanging resistance at $9,250.

The post Bitcoin Price Analysis: Market Is Set for Deeper Tests appeared first on Bitcoin Magazine.

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bitcoin price market tests deeper analysis set

Источник: bitcoinmagazine.com

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