Mihai_Iacob

Bitcoin- Which way?

BITSTAMP:BTCUSD   Bitcoin
After it found strong support under 26k, tapping twice in this zone, Bitcoin started a leg up and reached a high at 28500.
Currently, the price is consolidating these gains and has two evident levels for traders to watch.
The old resistance, now support at 27500, with a clear drop under exposing the recent low and keeping BTC under the falling trend line and under pressure.
The recent high which coincides with the falling trend line, with a break above possibly leading to 30k in the near future.


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