Bitcoin Struggle Continues above $9500 Support area, which indicates further upward pressure in the making. The bias is Bullish and may continue further.
Oil Rejected Resistance at $54.35 and Pushed lower between the price area of $53.00-50. Regardless of Bullish pressure, certain correction may take place.
On Thursday EUR/USD fell to 1.0778, which is the lowest value for the pair from April 2017. From the technical point of view EUR/USD stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend.
Bitcoin suddenly dropped to $9500 area again which is struggling to sustain above $10,000 area. The Bulls are still in the game but struggling.
BTC/USD failed to break 10500 level last week and retraced to 9500 area. From the technical point of view BTC/USD stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend.
Bitcoin found Bullish Confluence Breaking above $10,000 area which may lead the price to $10,500. Despite the recent dip, Bulls are ready to strike back.
BTC/USD failed to break 10500 level last week and retraced to 9500 area. But the pair is trading above 10000 at the moment. From the technical point of view BTC/USD stays above both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bullish trend.
Bitcoin may Struggle further before Regaining Bullish Momentum towards $10,000 or higher. Despite the recent Bearish pressure, the Bullish bias is intact.
BTC/USD failed to break 10500 level last week and retraced to 9500 area. From the technical point of view BTC/USD stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend.
Last week EUR/USD fell to 1.0830 level, which is the lowest value for the pair from April 2017. From the technical point of view EUR/USD stays above 50 Moving average (red line), but below 200 Moving Average (dark blue line), which is a sign of uncertainty
