Thursday, September 12, 2019
Bitcoin price volatility is high but the support at $10'000 still hold.
Current support/resistance: $10'000/$10'200
After flirting with the 9'800$, the bitcoin has climbed again to reach the current resistance at $10'200 and finally retested the 10'000$ psychological level. These oscillations are observed in a market with relatively low volumes compared to recent weeks. The RSI is now neutral and the MACD lines have still not crossed, which does not yet conform the bearish trend in the short-term. However, it is likely that significant variations will be observed in the coming days with average volumes equivalent to those observed in May.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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