Could bitcoin be heading towards a bear market? There is a pandemic after all… Please stay safe !!
Bitcoin is having a hard time breaking it’s resistance line of $10,500 since June 2020. It’s support line so far has been the $8,800 mark that seems to be holding. If the support line of $8,800 is broken then expect the price to go down around $7,900 as that price will then become the next support line. On the other hand if you invest on Bitcoin now and it breaks it’s resistance line of $10,500 then you can possibly have a profit of over 56% from its current price of $9,040. At the moment the best way to get a bit of a heads up onto where bitcoin is headed it best to utilize your MACD, RSI, and 200 & 100 EMA’s.
Click here for a real in depth Bitcoin price analysis by Cointelegraph.
- BTC $9,049 -0.22%
- ETH $225.86 -0.04%
- USDT $0.999361 -0.03%
- XRP $0.17 -0.64%
- BCH $220.32 -0.53%
- BSV $153.69 -0.17%
- LTC $41.48 -0.22%
- ADA $0.095 -2.97%
- BNB $15.40 +0.19%
