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The green highlighted area is Buying Demand zone for many whales and sharks, beautifying the concept of resistance and support. Following levels to keep in mind:
Price Breakdown:
1. There are upside resistance levels at 36100, 36900, 38352, and 40212.
2. Downside support levels are at 43656, 33836, 32000 and 30000
3. RSI is slightly strong at 62.12
If we compare the upside resistance at 42000 with the downside support of 30000, the support is pretty dominant and once it is broken, Bitcoin can go as down as 25000 or maybe lower. If the resistance broke, which is very likely to break, then June will a month of consolidation for BTC.
The green highlighted area is Buying Demand zone for many whales and sharks, beautifying the concept of resistance and support. Following levels to keep in mind:
Price Breakdown:
1. There are upside resistance levels at 36100, 36900, 38352, and 40212.
2. Downside support levels are at 43656, 33836, 32000 and 30000
3. RSI is slightly strong at 62.12
If we compare the upside resistance at 42000 with the downside support of 30000, the support is pretty dominant and once it is broken, Bitcoin can go as down as 25000 or maybe lower. If the resistance broke, which is very likely to break, then June will a month of consolidation for BTC.