Bitcoin had a little correction and is still trying to gain its grounds in the upside.
Bitcoin price touched the $10,000 level and made it support despite the strong sellers. At the same level we had some buyers push up the price and now bitcoin in a range between $10,773 and $11,138.
This range is certainly a build-up of a momentum which confirm from the MACD histogram.
This week we expect to see more climbs for bitcoin price as the breakout of the present range is broken to the upside.
Before making an entry, ensure the MACD moving averages are crossed upwards already.
Our target should be around $11,443 and $11,988.
Looking at the technical indicators:
- Major Support Level – $11,465