Price action didn`t changed too much from my last analysis ( see the related idea).
After a break below 26525 price recovered this level and now is acting like support.
Price rejected 2 times by the median channel line (red channel).
Important resistance 0.5 fib retracement of the last swing down if it break it price may reach 30000 level again.
A break below 26525 may send the price into an important support zone 24262-25256.
Under 30000 level bitcoin still remain into a bearish zone.
Hit the like button if you like my analysis and follow me for future count updates.
Good luck!
After a break below 26525 price recovered this level and now is acting like support.
Price rejected 2 times by the median channel line (red channel).
Important resistance 0.5 fib retracement of the last swing down if it break it price may reach 30000 level again.
A break below 26525 may send the price into an important support zone 24262-25256.
Under 30000 level bitcoin still remain into a bearish zone.
Hit the like button if you like my analysis and follow me for future count updates.
Good luck!
