Bitcoin $5,000 USD? #BTC $BTC $USD #USD
I see a possible Head & Shoulders forming on the weekly.
20MA would be tested and we would need to see some volume.
Looking to the left this range around September 28th 2017 BTC made a 40% correction while it acted as resistance.
Looking to the right we can see this range has been previously used as support on our way down to 3K and back up to 13800.
200MA during this time period should meet around that range. Remember on a weekly interval Bitcoin has never successfully broken through the 200MA.
20MA would be tested and we would need to see some volume.
Looking to the left this range around September 28th 2017 BTC made a 40% correction while it acted as resistance.
Looking to the right we can see this range has been previously used as support on our way down to 3K and back up to 13800.
200MA during this time period should meet around that range. Remember on a weekly interval Bitcoin has never successfully broken through the 200MA.
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