Monday, September 23, 2019
The price left the 5 digits zone this Saturday and got stuck below, unable to pass the $10'000 resistance.
Current support/resistance: $9'800/$10'000
This Sunday the price poked the $10'000 resistance without success. Weekends having generally lower volumes, a new push during the week could be sufficient to break this barrier. Furthermore, the long-awaited Bakkt futures trading platform has been live for less than 24 hours and can still create a boost in trading volumes as the futures are settled in Bitcoins.
The technical indicators are signaling a bearish momentum with the MACD lines diverging and the 20 days moving average being above the trading price. However, the RSI is close to the oversold level and a renewed buying pressure can be expected in the short term.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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