Bitcoin | Bullish Price Reaction Is Increased Every Day
Bitcoin | Bullish Price Reaction Is increasing Every Day
During the previous analysis, the price was testing a very strong support
the area that was located close to 28.5K
As we can see the price reacted very well by reaching both of our targets.
With that movement, the price proved once again that the support area between
28K and 28.5K are very sensitive for the bulls.
On the other hand, the price is above 30.5K and if this zone will hold the next resistance zone
that the price will test will be the top of the structure.
It has a chance that the resistance area located close to 31.5K can push the price lower again
close to 28.5K.
If the price will manage to break above 31.5K then it will continue to increase faster and reach the
other targets as the market is well-positioned on the bullish movement despite the panic in the crypto market.
Thank you and Good Luck!
Previous analysis:
