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BITCOIN PRICE CHART – BTCUSD DAILY
The cryptocurrency had a bad day yesterday sinking all the way to $9,054 however today’s trading session it has regained strength and is currently trading at $9,456 the price is still trading above Ichimoku Cloud which means that the uptrend could continue, however it is almost at the middle point between the support and resistance level, and with the RSI at 50% we could determine that there is not a strong defined trend, I would wait to see how the price reacts over the weekend, monitoring the support and resistance levels to then make a trading decision. Bitcoin normally has strong moves during the weekend as the market for the crypto does not close unlike Forex Markets.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
