BITCOIN (BTCUSD): Key Zones to Buy From ₿
Updated
Hey traders,
During the last two weeks, Bitcoin remains quite bearish.
While sellers are locally dominating the markets, here are the key zones to watch for buying opportunities:
- Demand zone 1:
That zone is based on a 52.500 - 54.100 horizontal support cluster and a rising trend line linking the last higher lows on a daily.
Horizontal and vertical structures compose a contracting demand area. - Demand zone 2:
36.000 - 41.000 is a wide area based on a horizontal structure. - Demand zone 3:
28.800 - 29.800 is the zone based on the summer's low.
Let the price reach one of these zones and then look for a confirmation to catch a trend-following move.
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