alanmasters
Short

Bitcoin Short-Term (1h) Drop | $8,000 or $8,122?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) is trading below EMA10 and gaining momentum on the 1h timeframe.

EMA50 is also being broken now and we marked the next target.

Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave.

The next support that follows if the above breaks are $8122 and finally $8027.

On the way up, Bitcoin needs to break $8293 in order to be able to move higher.

Right now it is moving lower... Hit LIKE if you like the short-term analysis.

Namaste.
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