Bitcoin September, 02 2020

Technical Analysis
Wednesday, September 02, 2020 - 14:36
Point Trader Group
Bitcoin September, 02 2020

Overview:

The above chart shows that the pair is trading above a strong support level around 11100, which enhances the bullish chances during today's trading

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 11500

Alternative Scenario:

On the other hand, we think that if the 11100 level is broken down, it might push the pair down to 10900


 

Resistance115001180012000
Support111001090010780

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