Bitcoin slipped under 73,000 dollars this evening and is now testing 72,700 support. Is this the line that holds? 📉
CoinGecko data checked at 17:00 PKT on 12 November puts Bitcoin near 72,758 dollars, down 1.66 percent in 24 hours and down 8.7 percent on the week, with the last five half hour closes sliding lower, 73,350, then 73,415, then 73,487, then 73,392, then 73,218. 📊 The 200 day moving average near 73,173 dollars is now above price instead of below it, and the afternoon range was 72,700 to 74,900 dollars. My reading is that the evening break under 73,000 matters, because the 14:00 post had Bitcoin at 73,528 dollars, and three hours later sellers have pushed it 770 dollars lower with no bounce yet.
Does 72,700 hold into the night, or does Bitcoin open the door to 70,000 dollars? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Support
CoinGecko data checked at 17:00 PKT on 12 November puts Bitcoin near 72,758 dollars, down 1.66 percent in 24 hours and down 8.7 percent on the week, with the last five half hour closes sliding lower, 73,350, then 73,415, then 73,487, then 73,392, then 73,218. 📊 The 200 day moving average near 73,173 dollars is now above price instead of below it, and the afternoon range was 72,700 to 74,900 dollars. My reading is that the evening break under 73,000 matters, because the 14:00 post had Bitcoin at 73,528 dollars, and three hours later sellers have pushed it 770 dollars lower with no bounce yet.
Does 72,700 hold into the night, or does Bitcoin open the door to 70,000 dollars? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Support
