Bitcoin (BTCUSD) Early-Day Update: Rebound Stagnated at $8500 level
Summary
We had a bounce at $7500-$7600 depending on the exchange like I pointed out in the previous blog. There is still not a proper buy signal on BTCUSD if you are looking to trade. However, if you are a hodler then any price below $9.5K-$10K should be a good buy for the long term. I will still stick to the yesterdays mid-day forecast, this though would certainly depend if we hold levels above $8500 on the 4hr (which most likely it would, but yet to be seen).
Presently there is a resistance which is placed at $9500 and we need a higher volume to push through to confirm the pattern. Due to this there is a void of $500-$1000 usd in order to trade on the daily unless you bought the dip at $7500. I will publish another update as soon as there is a change in the TA for the good or the bad.
Upvote and resteem helps. You may also read my other works which might interest you:
- Bitcoin (BTCUSD) Mid-Day Update: Be Ready For $7500 USD
- Cryptocurrencies Kibosh ?
- Indian Crypto Exchanges Face The Brunt from Income Tax Department: What Will Happen in 2018?
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