Bitcoin Technical Analysis ( Short Term Trend Analysis )
#Bitcoin Update:
Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at 28k, the cryptocurrency experienced a sharp fall toward the
27K level. With not much bullish strength in sight, we are now expecting a move toward 26k in the coming weeks.
That being said, it's important to keep an eye on the charts and never trade blindly. Make sure to wait for confirmation before opening any trades.
Support levels to watch out for are at $25900 and $24200, while resistance is at $28700.
In summary, the short-term market trend for #Bitcoin is bearish. Keep a level head and make informed decisions in the days ahead.
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Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at 28k, the cryptocurrency experienced a sharp fall toward the
27K level. With not much bullish strength in sight, we are now expecting a move toward 26k in the coming weeks.That being said, it's important to keep an eye on the charts and never trade blindly. Make sure to wait for confirmation before opening any trades.
Support levels to watch out for are at $25900 and $24200, while resistance is at $28700.
In summary, the short-term market trend for #Bitcoin is bearish. Keep a level head and make informed decisions in the days ahead.
Follow us for More Quality Updates.
Thank you.
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