The price closed one more time below $10'000. The bears are eyeing lower levels.
Current support/resistance: $9'200/$10'000
This is the third time the price reaches the 4 digits and the two previous ones have seen lower lows. If the level $9'200 is broken we can expect the new low of $8'800 to be reached. A consolidation staying close to $10'000 would be healthy for a quick backup.
While the trend doesn't look all too good in the daily candles, the bulls still see signals for another uptrend pointing out the Bakkt futures contracts that will have a direct effect on the price of Bitcoin as well as high transactions value.
Indicators are still in the red and weekly MACD are still getting closer.
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