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Another bull trap incoming, could be the last one
Bitcoin is oscillating lately. The 5-day moving average just crossed the 100-day moving average, which created support to some extent. Don't get too worked up by the false impression that bitcoin will not stay too long below the 100-day ma, as we are still in a bearish market, due to powerful bears (by the sudden volume increase in the last major drop) and a falling wedge.
10000 USD psychological barrier dragged the price up in the past two dips but that is likely to be violated some time later before the Chinese New Year. 0.786 Fibonacci level is the next support. Any dip below that level (8800 USD) is a good indicator for long position.
Just hold on to your USDT and wait for it to happen.
10000 USD psychological barrier dragged the price up in the past two dips but that is likely to be violated some time later before the Chinese New Year. 0.786 Fibonacci level is the next support. Any dip below that level (8800 USD) is a good indicator for long position.
Just hold on to your USDT and wait for it to happen.
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