BTC New Target

BTC New Target

Bear vs Bull

Once again we look at Bitcoin (XBT) short-term.

We have a recent bullish move... What happens next?

Above the blue and grey lines the bullish move can continue.
Immediate resistance is also found at the black line or MA200 ($16,483).

Looking at these three levels, XBT needs to move above the $16,500/$16,850 price range to knock out the bears.

Any trading below the blue line (~$16,615) can keep the bears alive and the drop resume.
If this level are conquered, then the balls passes towards the bulls.

More details on the chart.
Still red...

Namaste.