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Bitcoin is moving in a triangular range, although the trend is still downward, you can see the support and resistance ranges on the chart.
If it does not manage to maintain the support specified in the chart, I have the possibility of falling to the price range of $14,500 to $13,000.
Of course, a daily bearish candle should be established below the $17,300 range, but if it supports the same $19,000 range, we can expect the price to rise to the $23,500 price range, and if it can break the above resistance, I expect growth to the $26,500 to $27,500 range.
In my opinion, even if Bit has a short-term upward trend, it cannot be said that the trend is upward until it breaks the resistance range of $29,000.
But if I want to briefly and simply state my opinion, I think it is a downward trend and probably a long winter is waiting for the digital currency market. In the most pessimistic case, Bit can once again reach the price ranges of $10,000 or even $8,500. See you in the future
Bitcoin is moving in a triangular range, although the trend is still downward, you can see the support and resistance ranges on the chart.
If it does not manage to maintain the support specified in the chart, I have the possibility of falling to the price range of $14,500 to $13,000.
Of course, a daily bearish candle should be established below the $17,300 range, but if it supports the same $19,000 range, we can expect the price to rise to the $23,500 price range, and if it can break the above resistance, I expect growth to the $26,500 to $27,500 range.
In my opinion, even if Bit has a short-term upward trend, it cannot be said that the trend is upward until it breaks the resistance range of $29,000.
But if I want to briefly and simply state my opinion, I think it is a downward trend and probably a long winter is waiting for the digital currency market. In the most pessimistic case, Bit can once again reach the price ranges of $10,000 or even $8,500. See you in the future
