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.

Master Asked on March 2, 2020 in Bitcoin.
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