After it found strong support under 26k, tapping twice in this zone, Bitcoin started a leg up and reached a high at 28500.
Currently, the price is consolidating these gains and has two evident levels for traders to watch.
The old resistance, now support at 27500, with a clear drop under exposing the recent low and keeping BTC under the falling trend line and under pressure.
The recent high which coincides with the falling trend line, with a break above possibly leading to 30k in the near future.
Currently, the price is consolidating these gains and has two evident levels for traders to watch.
The old resistance, now support at 27500, with a clear drop under exposing the recent low and keeping BTC under the falling trend line and under pressure.
The recent high which coincides with the falling trend line, with a break above possibly leading to 30k in the near future.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.