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Bitcoin Buyers Made the Hold, but Will We See a Rally?

From eightcap.com

Today we have seen a few of the top ten crypto coins trying to get some buyer momentum going. Today’s video is on Bitcoin but also check out the ETH on its daily chart for another example. Bitcoin on the 4H made a support hold overnight, and we take that as a positive for buyers. So far today, buyers have continued to push off 23,780 support. We are keeping an eye on 24,033 resistance/supply as price continues to struggle to break this area. If we see a break, and we hope to. We would then be looking at 24,277. If buyers can’t get this rally going and we see a new push lower by sellers, beware of the support level, ... (full story)

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  • Category: Technical Analysis