Hello traders
As we explained in the previous analysis, Bitcoin lost support at $39,600 and reached the $38,000 level. Bitcoin failed to stabilize below $38000, although the reflection was not such that we can think of a return to the uptrend.
It should also be noted that for a bullish scenario it is necessary to break the resistance level of $ 39600 with a strong candle, otherwise the levels of $ 36600 and $ 34900 are not unreachable support for the price.
If you like this post or have any comments, leave a comment for me here and share it with your friends.
As we explained in the previous analysis, Bitcoin lost support at $39,600 and reached the $38,000 level. Bitcoin failed to stabilize below $38000, although the reflection was not such that we can think of a return to the uptrend.
It should also be noted that for a bullish scenario it is necessary to break the resistance level of $ 39600 with a strong candle, otherwise the levels of $ 36600 and $ 34900 are not unreachable support for the price.
If you like this post or have any comments, leave a comment for me here and share it with your friends.
Trade closed: target reached
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