Bitcoin failed to break 31k
Hi guys, let's review the current situation on Bitcoin.
Bitcoin continue to be in a flat for the past couple weeks. Yesterday BTC price tested 31500 but failed to brek it and immediately fell under 30k. At the moment BTC is trading just above 30k but it seems that 29500 now is a main target for traders. For bulls it's important to hold price of BTC above this level because if it breaks then we can expect price testing at least 28300 or even lower.
At this moment 31k seems like unbreakable resistance and most likely price will go down at least for some correction. In any case for bulls it's important that weekly candle to closed above 29500. Otherwise we can see some downtrend on Bitcoin.
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Many thanks.
Bitcoin continue to be in a flat for the past couple weeks. Yesterday BTC price tested 31500 but failed to brek it and immediately fell under 30k. At the moment BTC is trading just above 30k but it seems that 29500 now is a main target for traders. For bulls it's important to hold price of BTC above this level because if it breaks then we can expect price testing at least 28300 or even lower.
At this moment 31k seems like unbreakable resistance and most likely price will go down at least for some correction. In any case for bulls it's important that weekly candle to closed above 29500. Otherwise we can see some downtrend on Bitcoin.
If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.
Note
Bitcoin price remained above 30k and this is good news for bulls. Now price slowly climbing back to 31k and likely will try to break it. So far BTC price failed to break this resistance but maybe this time it will manage.I still think that BTC needs some correction to gain strenght to break this level.
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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.
✅ FYBIT exchange. I recommend. No KYC, available in all countries. fybit.com/Account/Register/OMNP5
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
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.