Has optimism lost in the BTC market?
The battle for one of the most important psychological price level in the Bitcoin market has just begun.
In the market, however, it is more serious than it seems, because we have seen a drop of more than $ 2,000 and it is currently necessary to defend $ 10K to maintain any optimism and hope for further growth. If this fails, Bitcoin may drop the price even lower.
Technical analysis:
Important Support at $ 10K
Strong Resistance at $ 12K - 4X rejection from this area in one month
CME Gap at $ 9600
RSI 1D at level 35 (almost oversold)
In the market, however, it is more serious than it seems, because we have seen a drop of more than $ 2,000 and it is currently necessary to defend $ 10K to maintain any optimism and hope for further growth. If this fails, Bitcoin may drop the price even lower.
Technical analysis:
Important Support at $ 10K
Strong Resistance at $ 12K - 4X rejection from this area in one month
CME Gap at $ 9600
RSI 1D at level 35 (almost oversold)
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