Industry news:
A new research study published by cryptocurrency trading platform Strix Leviathan has revealed that cryptocurrency halving events do not necessarily result in the asset outperforming the market..
Technical picture:
Important levels to watch:
$10.000 – Resistance (yellow rectangle)
$10.200 – Multi swing high Resistance
$9.805– Support 1 (gray rectangle)
$9.510 – Support 2 (gray rectangle)
I found potential upward correction completion (ABC) in the background, which is sign of potential downside continuation. Important pivot resistance for BTC is set at $10.200-$10.000. Additionally, I found that MACD slow line started to turn downward , which is another great addition to my bearish view; Watch for potential selling opportunities with the targets at $9.805 and $9.510.