After briefly returning to above $10'000, a significant correction was observed last night.
Current support / resistance: $9'600 / $10'000
Volatility was high this weekend but unfortunately the buying pressure is not yet strong enough to have a price stabilizing above $10'000. The price failed to stay above the 20-day moving average which gave a false signal to traders this weekend which can happen sometimes. In terms of technical indicators, the trend is slightly downward.
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.