Bitcoin (BTC) Price Analysis. Is it the right time to buy?
Bitcoin / Dollar
I’ve been keeping a close eye on Bitcoin for the past few days to see if it was giving any signs for a bullish move. As of now, I don’t see any significant signs, but the volume and weekly candle looks good as a starting point.
Below is a list of indicators that will help you identify a trend change.
1. Higher highs, Higher lowers – Current resistance ( supply zone ) is at $9500.
2. If Bitcoin reaches the supply zone , a small correction (such as a bullish flag ) is welcomed; otherwise, things could get messier.
3. Moving average 50 and 200 should cross on a 1 hr chart while Bitcoin is trading above it.
Please share your thoughts on Bitcoin :)!
Have a great day, Abdulla
Source: TV AAlFadhala