Bitcoin Support & Resistance Analysis

Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.

When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin

🔴Resistance Line 29708$
🔴Resistance Line 29343$
🔴Resistance Line 28980$
🔴Resistance Line 27704$
🟢Support Line 27357$

The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.

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