Btc respecting short term trend line, but for how long? MacD suggest short term bearish move, RSI suggests short term bearish move. EMA's might pull the bulls up along the short term trendline, but the 11.3k price range keeps sucking it back in. However, the lower, blue, long term trend line also hinting toward a short term bear move from here.
Be interesting to see what happens in the next 6hrs of trading. We may see a buying opportunity with a dip heading for 10.5k zone? Overall still feeling like general trend is now bullish.
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So the bears won that round? We may even see a dip to the old 9k support level.
RSI thinks the selling is coming to an end.
New month, new money? We may see fresh bulls buy this back up to 11k in the next couple days. A dip to 9k will invigorate buyers, which could help BTC hit 11k with a bit of steam? Whether or not we bust through, or remain trapped in a trading zone, only time will tell...