BTCUSD Could Reach Resistance at 10,639

BTCUSD CHART PRICE – BTCUSD DAILY

Bitcoin as many other crypto currencies had a bad last week, during the weekend it recovered some ground and its currently down 0.3% there is potential for BTC to recover more ground as traders can buy at a better price now, the price trades under the ichimoku cloud which is a downtrend signal, and the moving averages had a cross during the big hit last week which is also a downtrend signal, the relative strength index is at 39%, increasing from a previous 32% pm friday, we would need to get more signals that indicate an uptrend could start, we suggest traders to wait a little bit for this signals as trading cryptos is always risky.

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.