Bitcoin Technical Analysis
BTC/USD – Bitcoin US Dollar 25-4-2018
BTC is currently trading at $9154 , Price has corrected from resistance of $9615 and will require good volume and momentum to climb up. Price is below 9 period simple moving average and slightly above 21 period simple moving average. MACD is showing bearish crossover with low volume and pattern formed at resistance is shooting star which is trend reversal. $8983 should act as support; price should jump up from this point. If $8983 support fails to hold and breaks price may fall to $8600 level. Before executing trade wait for confirmation. Major trend is upwards and this could be minor correction.