BTC 12.09.2019 - Consolidaiton mode active, potential for upside move

Bitcoin has been trading in consolidation mode at the price of $7.520. There is chance for the upward cycle first and potential test of $7.830-$8.360. Anyway, my advice is to watch for potential selling opportunities

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Slow line on the MACD oscillator turned into bull mode, which is indication for potential upside movement in the next period.

Support levels are found at the price of $7.128 and $6.500. Resistance levels are found at the price of $7.830 and $8.360.




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Performed by Petar Jacimovic
Analytical expert
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