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%

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