Bitcoin / TetherUSUpdated Bitcoin hit the roof
Hi guys, let's review the current situation on Bitcoin.
After recent price spike Bitcoin stalled 30k-31k range. It seems that buyers slowly losing it's grip on Bitcoin price and sellers can take over. But short term I don't think that bears will takeover since bulls still have some strength. Unless there will be sharp price drop under 29500. If this scenario happens then we can say that bulls are done. Otherwise they still can climb up to 32k. I don't think that Bitcoin price can reach higher highs than 32k. Most likely from there we'll see slow decline to 25k support.
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After recent price spike Bitcoin stalled 30k-31k range. It seems that buyers slowly losing it's grip on Bitcoin price and sellers can take over. But short term I don't think that bears will takeover since bulls still have some strength. Unless there will be sharp price drop under 29500. If this scenario happens then we can say that bulls are done. Otherwise they still can climb up to 32k. I don't think that Bitcoin price can reach higher highs than 32k. Most likely from there we'll see slow decline to 25k support.
If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.
Note
Nothing much happened on Bitcoin so far. BTC continue to trade in flat. 30k is support now and for bulls it's important to stay above. If price drops under 29500 then we can expect 25k. Otherwise 32k is still possible.Note
BTC continues to be in a flat. 31k apparently is a strong resistance and 29500 is strong support. We have to wait until price goes either way. Otherwise is better to stay out of any position since uncertainty on the market.
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✅ 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.