Bitcoin is very close to its solid support areas.
There are two support levels, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel.
There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $54229
Let me know your ideas.
Good luck.
There are two support levels, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel.
There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $54229
Let me know your ideas.
Good luck.
