The world’s largest cryptocurrency has developed strong sustainability above the crucial support level of 28K. This certainly indicates that price level might avoid further downfall. The current trading session is looking in potential to form a bullish engulfing candle which may provide bullish breakout among moving averages in future
The MACD level is also showcasing positive nature below the histogram. Green bars are also formulating which may indicate bounceback of level above the histogram. Overall, support levels can be placed at 28K and 26K respectively. If the bullish momentum is sustained, resistance can be placed at 32K and 34K.