XBTUSD (Bitcoin) The long term view
Yesterday we said that “Our bounce zone @ 8854-8161 is our downside target.”
Today, Bitcoin traded inside our bounce zone @ 8854-8161.
A CLOSE above 9148 is needed to think the short term bottom is in place.
Short term bounce levels to know:
9630, short term selling zone @ 10019-10410 with the 20 DMA @ 10186.
No long term signal here at this time.
BITCOIN DAILY CHART