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



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