❌ Bitcoin - What Will Happen? ❌
Hello everybody.
❌ Bitcoin is still not indicating any precise moves. Price is holding below the resistance zone, which is not good, but the only good thing is weekly Closing is above $30,000. The next major support is near the $29,150. A downside break and close below the $29,150 support might pressure the bulls. The price could decline to $28,000 in the stated case.
✅ But on the other side, the next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start an increase in the near term. The following key resistance could be near the $32,000 level, above which the price might rise to $33,200.
The MACD is now slowly gaining pace in the bearish zone.
The RSI is now below the 50 level.
Let me know what you think❕
If you liked my idea, follow me for more❕
❌ Bitcoin is still not indicating any precise moves. Price is holding below the resistance zone, which is not good, but the only good thing is weekly Closing is above $30,000. The next major support is near the $29,150. A downside break and close below the $29,150 support might pressure the bulls. The price could decline to $28,000 in the stated case.
✅ But on the other side, the next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start an increase in the near term. The following key resistance could be near the $32,000 level, above which the price might rise to $33,200.
The MACD is now slowly gaining pace in the bearish zone.
The RSI is now below the 50 level.
Let me know what you think❕
If you liked my idea, follow me for more❕
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🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
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