There are 8 days now with Bitcoin trading in a tight range of around 5% so the main cryptocurrency should decide its future direction sooner rather than later.
At this moment the levels of support and resistance are very clear at 19500 and 20500 respectively.
A break to the upside would expose the 22500 resistance and a break under 19500 would expose the recent low under 18k.
In my personal opinion, there is a higher probability of a down break with both strong USD and weak indices not being in a favor of an up move.
At this moment the levels of support and resistance are very clear at 19500 and 20500 respectively.
A break to the upside would expose the 22500 resistance and a break under 19500 would expose the recent low under 18k.
In my personal opinion, there is a higher probability of a down break with both strong USD and weak indices not being in a favor of an up move.
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