Bitcoin Sells off. Will Support Hold?
Bitcoin sold off this morning to 10,144, right into a support zone. Price has been unable to break above the EMAs.
If this support area holds, there will be a nice Head and Shoulders pattern, which would put the next move up to the resistance level at just under 12,000. If support does not hold here, then I would be looking for another price drop to the 9,000 to 9,500 level.
(not investment advise)
If this support area holds, there will be a nice Head and Shoulders pattern, which would put the next move up to the resistance level at just under 12,000. If support does not hold here, then I would be looking for another price drop to the 9,000 to 9,500 level.
(not investment advise)
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