Bitcoin | RED MONDAY (Support & Resistance)

We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.

The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.

Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.

The immediate resistance is now at $9750 or the last high.
"Strong resistance" is found right above it in the $10,000 - $10,500 price range.

We go bullish above this level (10/10.5k), bearish below.

We are looking bearish on Bitcoin right now.


🔝 Altcoins & Bitcoin Charts!

🚨 Free PREMIUM Trade-Numbers

🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access (Since 2017)

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.