#bitcoin Update: Currently Trading at $30,500
Bitcoin (
BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins.
Key Levels to Watch:
- Support Area: $29,800
- Resistance Area: $31,000-$31,200
- Range Bound: $29,800-$31,200
Stay tuned for more updates as Bitcoin's price action unfolds!
Bitcoin (
BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins.Key Levels to Watch:
- Support Area: $29,800
- Resistance Area: $31,000-$31,200
- Range Bound: $29,800-$31,200
Stay tuned for more updates as Bitcoin's price action unfolds!
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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.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.