Even good news dropped fpr crypto market and BTC, Bitcoin price couldn't stay aboe major averages. There are great resistance on Bitcoin price chart. That is why it is hard to stay above this averages...
Here you can see daily chart of Bitcoin and Bitcoin price met with major moving averages. There are 100 and 200-day moving averages on Bitcoin price chart.
They worked as supporter before. Now, they are trying to work as resistance for Bitcoin price chart.
So, Bitcoin price should stay aboe 28K to enter uptrend.
Heer you can see weekly chart of Bitcoin price. 27500 USD is great support and resistance level for Bitcoin There is 200-week moving average. If Bitcoin want it to work as supporter, Bitcoin price should go up 27500 USD.
If not, it will work as great resistance as before..
So, we can say that 27500 USD important level for Bitcoin
We will see..
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If btc gets below this price range and didnt bounce back, I'll have a hood short on it
Until then, btc is still bullish as it hasn't changed structure. Having a close eye to it because of the PNL competition I'm participating on, need to strategies well to get the reward
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