AlanSantana

Bitcoin Immediate Resistance (2H Short-Term Analysis)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) is bouncing after hitting a new low on the 2h timeframe... Can it go higher?

Prices for Bitcoin are now challenging EMA50, as well as the descending trendlines marked on the chart... This is the immediate resistance.

If BTCUSD fails to close above this level, we will see prices move lower following the red arrow.

  • We will only consider this bounce to become a bullish move if prices manage to break and close above $9260.
  • Any trading below the above-mentioned price and we remain bearish short-term.

Do you agree with this analysis?

Let us know in the comments section below.

Namaste.
If you would like to support my work, follow my FREE Telegram channel
📊 https://t.me/AMTrades

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out