The buyers and sellers are having a hard time pulling this off. Though we expect a more a consistent move to the upper side.
The expected move should be to the upside after bitcoin price breaks the white trend line, touches resistant $9,913 and then retraces to the white trendline before shooting to the upside.
Though volatility is low now but it’s building up and the next move will be massive, and we hope it respects our anticipations.
The MACD cross is also giving us more confirmation on the next bitcoin price move.
Looking at the technical indicators:
- Major Support Level – $9,411