$BTC looking weak, but a bounce from the 100MA still possible!
Price has been hovering above the 8500$ quite confidently. We are currently sitting at the 0.5 fib . In addition #Bitcoin is close to the 100MA that's adding additional value to the strength of the current levels. With the current geopolitical situation we cannot afford a bias and must be flexible in or trades.
As of now a confluence of indicators is building up, which might provide price with a good bounce opportunity.
Price has been hovering above the 8500$ quite confidently. We are currently sitting at the 0.5 fib . In addition #Bitcoin is close to the 100MA that's adding additional value to the strength of the current levels. With the current geopolitical situation we cannot afford a bias and must be flexible in or trades.
As of now a confluence of indicators is building up, which might provide price with a good bounce opportunity.