Bitcoin Stomps But it Got Strong Resistance in The 28.4k

in hive-150122 •  2 years ago 

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Hello friend, yesterday bitcoin had a considerable rebound and reached 28.4k dollars, which closed the week as I predicted yesterday in my publication, after spending 3 consecutive weeks in decline, bitcoin finally achieved break that curse

According to coinmarketcap data, in the last 24 hours bitcoin has had a volume of $17,371,988,582 and a market capitalization increase of 3.24% compared to yesterday, it has had a capillarization increase of 1.04% in the last 12 hours.

Screenshot_118.png

screenshot from coinmarketcap

As you can see, bitcoin had a strong resistance in the 28.4k area and little by little it has lost ground where it could go back to 25k but the price could rise again when the Asian market opens and be above 27.8 again. k since the volume of sale and purchase is equal.

In any case, a strong movement is expected in the last hours, so we must be attentive since bitcoin in the last two weeks has not been able to maintain two consecutive days above a price despite the fact that the bulls push hard and the bearish sector does the same at the moment the market is stabilized at 27.5k

Screenshot_119.png

screenshot from coinmarketcap

Despite the fact that the candles are in red, strong support can be found in the 27.5k area to recover the price lost this morning, although the expectation is that it will reach 28k again, I think so because both sides are even and when the Asian market opens, bitcoin usually increases a bit as long as the parity is maintained.

At the moment the only current news that I am aware of is the "Agreement to increase the debt ceiling of the United States" which has not yet been approved by Congress but when its approval comes it may influence the price of bitcoin a little, the News that usually comes from US soil is usually the cause of large bitcoin movement, implying that the epicenter of bitcoin is the United States.

Most of the trader are more focused on the North American news than the European or Asian news, although the news from China also tends to give a notable impact to bitcoin more than all with its regulations, censorship, etc.

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Post writter por @joeljaimes1982
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