BTC price took resistance from the ultimate supply zone 32000. There was also a trendline which BTC broke in previous days because of SPACEX news. If you will open weekly chart there is formation of 'M' pattern. After such fall BTC takes a relief rally.
There are 2 possibilites:
1. We can expect a relief rally till 28800 and might continue its trend downside. There is a imbalance near 21000 which needs to be filled.
2. BTC can also form a range between 32000 to 24900.
There are 2 possibilites:
1. We can expect a relief rally till 28800 and might continue its trend downside. There is a imbalance near 21000 which needs to be filled.
2. BTC can also form a range between 32000 to 24900.