BTC UPDATE: STILL HOVERING AROUND THE $28K TO $30K RANGE.
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Welcome traders to today’s update on BTC .
Let me keep it short and simple.
We saw a nice drop on BTC in the last 24 hours but it recovered soon leaving a long wick behind. Once again BTC got rejected from the 21 MA resistance ($29500) and it is setting down towards the $28k support level .
Like I said before, until and unless BTC breaks the $30k resistance, we are not gonna witness any bullish rally (be it for a short-term) and until and unless BTC breaks down below the $28k support level , we are doing okay.
