Will Bitcoin price continue upwards or reverse?
Bitcoin price has risen to $19,000 and rested on the new support $18,371. It’s expected to move to the new high of $19,812, but a reversal pattern has formed and we expect that bitcoin will reverse a bit.
The reversal might be short and towards the $15,850, nevertheless, we must observe what the market wants to do first before staking our next entry.
Bitcoin should move to the upside if the MACD moving average cross occurs, but this will be a short upward move. Great care should be taken for those who want to buy bitcoin now so you don’t buy at a loss.
Looking at the technical indicators:
- Major Support Level – $18,371