After that great move in a short period of time, the Bitcoin price is facing a historical resistance area between the prices of $28100 and $31100.
We know that is a big range, as Bitcoin is one of the more risky pairs to trade in, but at the same time, it is achieving a high return.
Anyway, we will hold our old purchase order, waiting to see if it will break out of the discussed area or not. other wise, we could change our position immediately in the event that the price fell below $26,900. In that case, we will close our buy position and start to change our point of view in the near term.
We know that is a big range, as Bitcoin is one of the more risky pairs to trade in, but at the same time, it is achieving a high return.
Anyway, we will hold our old purchase order, waiting to see if it will break out of the discussed area or not. other wise, we could change our position immediately in the event that the price fell below $26,900. In that case, we will close our buy position and start to change our point of view in the near term.