Hello everybody.
❌ Bitcoin is still not indicating any precise moves. Price is holding below the resistance zone, which is not good, but the only good thing is weekly Closing is above $30,000. The next major support is near the $29,150. A downside break and close below the $29,150 support might pressure the bulls. The price could decline to $28,000 in the stated case.
✅ But on the other side, the next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start an increase in the near term. The following key resistance could be near the $32,000 level, above which the price might rise to $33,200.
The MACD is now slowly gaining pace in the bearish zone.
The RSI is now below the 50 level.
Let me know what you think❕
If you liked my idea, follow me for more❕
❌ Bitcoin is still not indicating any precise moves. Price is holding below the resistance zone, which is not good, but the only good thing is weekly Closing is above $30,000. The next major support is near the $29,150. A downside break and close below the $29,150 support might pressure the bulls. The price could decline to $28,000 in the stated case.
✅ But on the other side, the next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start an increase in the near term. The following key resistance could be near the $32,000 level, above which the price might rise to $33,200.
The MACD is now slowly gaining pace in the bearish zone.
The RSI is now below the 50 level.
Let me know what you think❕
If you liked my idea, follow me for more❕
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Join our channel:
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
Related publications
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.