Bitcoin has given a breakout this week above trend line resistance but there are 2 important resistances to cross. These 2 resistances are 48061 which rejected further advance of Bitcoin vehemently and 51115. However things took slightly better for Crypto investors compared to last year as liquidity ease may commence with rate cuts happening (By US FED) later this...
Bitcoin trying to fightback but stiff resistance ahead 33031 which was a major support is not a major resistance.
Supports for Bitcoin: 29757, 28616, 26101. If 26101 broken next major support will be only at 19808. (reaching 19808 very likely in the medium term).
Resistances for Bitcoin: 33031, 34787, 37173 and major resistances will be 39303 and...
UPDATE #BTC levels.. A break of 35.9k opens move to 34.5k looks like it could send it much lower toward a target near 26k-30k.
#Bitcoin support levels: 36,300 / 34,500 / 33,000 / 29,000 / 26,300
Bitcoin resistance levels: 38,800 / 39,250 / 40,000-40,200 / 45,800 / 50,000
The facts are: Bitcoin isn’t a good hedge against inflation when Fed is tightening. It’s...
