RE: Bitcoin Rallies!
Bitcoin is moving back up after the rough week it had last week
Bitcoin Rallies After Biggest Weekly Drop Since November
- Bitcoin produced a doji candle on Sunday, neutralizing the immediate bearish setup.
- A UTC close above Sunday’s high of $8,756 would validate the seller exhaustion signaled by the candle and potentially yield a test of key resistance at $9,500.
- Chart-driven selling could gather pace if prices fail to defend Sunday’s low of $8,410, leading to a deeper sell-off to support levels at $8,213 and $8,200.