Bitcoin Stabilizes at $10,500 After Fall to $9,100, What’s Next?

As detailed by this outlet, Bitcoin (BTC) rallied hard off a local bottom of $9,100 just the other day. In fact, within the span of two hours, the crypto asset gained around 10%, moving higher in a move that even bulls didn’t expect.

Despite this strong move higher, which caught many traders with their pants down — leading to a mass of liquidation events — one analyst notes that it may be too early to flip bullish once again. In a recent tweet, Filb Filb, noted that with there being no higher highs, no higher lowers, “over-exuberance” in the Bitcoin markets, death crosses in the moving averages on the four-hour chart, and loads of key resistances in and around $10,800 and $11,000, he isn’t getting “excited on BTC yet”.

Original source

Add comment

Please Sign in to be able to leave comments.