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BTCUSD consolidation around $ 31000

BINANCE:BTCUSD   Bitcoin
Bitcoin made a great jump over $ 32,000 yesterday. The price consolidated around $ 30,750 for a long time during the middle of yesterday, and it seemed that it would not hold on to that level. Opinions were that we would see a new pullback to the support zone at $ 29,000. In contrast, there was a jump in prices to $ 32,200. Withdrawal soon followed, and we are now consolidating above $ 31,500. For the bullish option, we need to continue the positive consolidation and keep the price above the $ 31,000 price. That price was an obstacle to our bullish attempts in the previous period. Now the price could advance to $ 32,500 and a $ 33,000 level. For the bearish option, we need a negative consolidation and a pullback of up to a $ 31,000 support zone. A break below would bring us back to the May range of $ 29,000-31,000.

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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