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Don Bitcoin is well accustomed to us with his strenuous upward movements, with dubious volume, and the so famous setbacks that at once they eat everything based on sweat and effort they won.
Curious, once again the bulls were waiting for $ 9,400 and $ 9,500. In operations with some friends of BITSO Mexico, we were able to take advantage of some of the momentum and some went to sleep, while our capital worked at ease with a secure tp.
I hope with all my heart that you have also been able to take advantage of it. After all, the projection of this movement, you read it here. Now let's review what awaits Bitcoin, in my new analysis to Cryptocurrency.
BTC Up
Bitcoin, in order to try to look for rising prices, should at least be able to reach US $ 8,660 and obtain a sustained momentum that allows it to exceed US $ 8,800 and consolidate around US $ 8,900.
The formation of MM is apparently indicating a possible operation in range, BTC should at least try to hold above the MM of 200 and that of 20 to get the momentum that we are waiting for so much.
BTC down
Bitcoin still shows signs of trying to continue down in search of levels of 8,350, 8,200 dollars and with extensions to US $ 8,000. We must keep in mind that the price is now entering what appears to be a momentum bearish, this would be confirmed if the price during the week collapses – and sustains – below US $ 8,000. This price tends to be a psychological support and ironically it will be key to retake the upward path, or continue with the main downward trend.
Remember that the most important thing is the management of your capital and always enjoy being passionate about it.
Analysis by Saul Cano of Trade and Hold for Cryptocurrency
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of Cryptocurrency, and should not be attributed to, Cryptocurrency.
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