BoredCoin - Still bearish

BTC Analysis.


10/13/20220 min read

This is a short-term Bitcoin idea.

Bitcoin is getting more boring day by day.

For now, the market is still bearish for Bitcoin, and we're still using our most substantial support.

Be careful with your long positions.

Don't forget to use a stop loss.

There are two resistance levels on the way up and two support levels on the way down.

Based on the market volume and the RSI indicator, The price might reach this level and then get rejected.

And as you can see on the chart, the market is still bearish, and we're still sitting on the 18K-19K support area.

The following support is around the 13K levels, which is also vital; I will discuss it once we get there.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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