3 min readBITCOIN (BTC/USD):
Bitcoin experienced a sharp sell-off during this morning’s London session, with its price slipping and dropping below $100,000 for the first time in several weeks.
A closer analysis of the technicals reveals that we appear to be retesting the ascending trend line we previously broke above. However, the resistance zone at the prior all-time highs (ATHs) remains firmly intact. I’ll be closely monitoring whether the price can maintain support at the daily 50 EMA or possibly dip into the lower demand zone around $95,000. Additionally, the price has reached the 50% Fibonacci level and seems to be rejecting it for now. I’ll continue watching to see if we can resume upward momentum from this point.
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The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
