Bitcoin Tech Analysis – Recap and Mid-Day Review – 18/08/19

Bitcoin declined by 1.36% on Saturday. Reversing a 0.44% gain from Friday with interest, Bitcoin ended the day at $10,228.

A bearish start to the day saw Bitcoin fall to an early morning low $10,237 before finding support. Steering clear of the first major support level at $9,908, Bitcoin recovered to a late morning intraday high $10,494.7.

Despite the morning rebound, Bitcoin came up short of the first major resistance level at $10,699.

A broad-based crypto sell-off ultimately weighed, however, with Bitcoin sliding to a late afternoon intraday low $10,004.

Bitcoin managed to steer clear of sub-$10,000 levels and the first major support level at $9,908 in the afternoon sell-off.

Support late in the day led to a move back through to $10,200 levels to limit the downside on the day.

For the Bitcoin bulls, the near-term bullish trend, formed at mid-December’s swing lo $3,215.2 remained intact. Bitcoin continued to find support at the 38.2% FIB of $9,734.

The downside on the day was the 6^th…