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BTC/USD: Choppy Below $110K as Traders Await Direction
Bitcoin was very choppy during the trading session on Monday as we continue to see a lot of noise just below the crucial $110,000 level. This is an area that’s been important multiple times in the past, so it’s not overly surprising to see that what was once support has become significant resistance. If we can break above that level, then it opens up the possibility of a move to the $112,500 level. If we were to break above there, then the market could go looking at the 50 Day EMA, near the $113,500 level as well, where we see the 50 Day EMA. The technical analysis for Bitcoin is starting to shift a bit, as we ... (full story)
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