Bitcoin Price Baits the $10K Players Coming into the Halving

The psychological level of 10,000 may have baited some buyers again. Understandably considering the bullish factors it was coupled with.

Resistance Break and 10K Breach Equals Bullish - But Wait.

Coming into the last day before the halving event and with price action strong after breaching the 9,400 resistance level and breaking that downtrend line all signs pointed to bullish.

In fact, if we'd expect a sell off it would more be post halving event. However, looks like we got a whale dump to shake things up a bit.

Price briefly breached the 8,400 level and has since recovered, which is good. We had quite the move up from 6,8000 so a pullback is not a negative thing. In fact, if price can maintain above 8,400 price action is still bullish overall.

If more selling pressure comes the 7,600 level is the key. A break of that turns things bearish.

Upside targets are 10,000 and 10,500

Should be fun to watch!

Posted Using LeoFinance