Friday, July 26, 2019
The price failed to stabilize above 10,000.
Actual support/resistance: $9'500/$10'000
As the weekend approached, volumes fell by nearly 30%. For two weeks now, the price seems to have converged in a region between $9'500 and $10'400. This drop in volatility is healthy and could, if the consolidation at the current level is confirmed, be a positive sign for a future bullish momentum.
In terms of technical indicators, we are still in an over-sold region while the RSI is now neutral on the weekly chart.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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