Bitcoin- The pressure remains strongly to the down side
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
After reaching the 30k figure, as was normal, BtcUsd has had a rebound. However, this rebound was short-lived and the price is near 30k again at the time of writing.
Yesterday’s candle has a long wick to the upside and it looks like today’s candle will not be different. This can mean strong selling pressure and could lead to a break under 30k.
Supports come into place 2 from 2k, at 28 and 26 with important congestion support at 24k.
Short-term traders can target this 24k for their sell trades with negation above 33k .
