From TradingView · · 40s
Bitcoin Holds Firm, Waiting for Bulls
Bitcoin holds firm as technical analysis shows waiting for bullish moves.
In brief
Bitcoin holds firm as technical analysis shows waiting for bullish moves. Bitcoin is holding near support levels with bulls waiting for the right moment to move. Originally reported by TradingView.
Daily Chart Shows Support
Bitcoin reached descending orange 9 SMA but rejected green 14 SMA on daily chart.
4-Hour Chart Shows Strength
Bulls stepped in to pull Bitcoin back sharply after falling out of channel earlier today.
Support Testing Continues
Bitcoin is testing support on 8 and 14 SMA after reaching red Xero line of channel.
The main idea
Bitcoin is holding near support levels with bulls waiting for the right moment to move.
