Mihai_Iacob

Bitcoin- Bulls need to reconquer 22500

Long
BITSTAMP:BTCUSD   Bitcoin
In my Monday analysis, I said that Bitcoin corrected to the support zone and this drop could offer us a good buying opportunity.
Indeed, after diving into this support zone, the price reversed and now is trading back above 22k.
Although this support is now confirmed as a strong one, for momentum gaining bulls need to break above the 22500 zone which provides now confluence resistance.
In such an instance the previous 24k zone is exposed.
I maintain my buy trade as long as 21k is intact



🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.