Bitcoin fails local resistance again
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Bitcoin bounced back from local resistance again and dropped below $27,000, which I said yesterday that in order to go higher, you need to keep local support above $27,200, but the buyer seems unable to do this yet, but the chances still remain.
While we are trading in this protracted sideways movement and have not updated the last LoW of $25,800, there is still a chance to return to the $27,500 range and gain a foothold higher for a hike to $30,000, plus a minus rate suggests that locally they may soon begin to take out short positions, so be careful if you hold a short marginal position.
I also noted a clear resistance on the chart (red line), I think that the next testing of the $27,500 mark will already be at a breakdown of the level, which can create a strong impulse to the next resistance through the channel at $28,500.
Well, as long as there is pressure on the market, I think they can lower it to 26,100 (-+) I wrote about this on Monday and was waiting for a test of this level...
Bitcoin bounced back from local resistance again and dropped below $27,000, which I said yesterday that in order to go higher, you need to keep local support above $27,200, but the buyer seems unable to do this yet, but the chances still remain.
While we are trading in this protracted sideways movement and have not updated the last LoW of $25,800, there is still a chance to return to the $27,500 range and gain a foothold higher for a hike to $30,000, plus a minus rate suggests that locally they may soon begin to take out short positions, so be careful if you hold a short marginal position.
I also noted a clear resistance on the chart (red line), I think that the next testing of the $27,500 mark will already be at a breakdown of the level, which can create a strong impulse to the next resistance through the channel at $28,500.
Well, as long as there is pressure on the market, I think they can lower it to 26,100 (-+) I wrote about this on Monday and was waiting for a test of this level...
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