BTC Update:
Bitcoin is again taking support of the $30,000 area. There are a lot of buyers near $30,000 and high demand. The wicks showing the rejection and buying pressure. No daily candle yet close below $30,000. The major resistance remains the same of $40,000-$42,000 area. BTC is now at the local resistance area of $33,500 and if broken we see a push towards $35,000. Bitcoin needs to break and hold above $36,000 to make another retest of the $42,000 area. The major support is $28,500-$30,000 zone and if broken we will see a major sell-off towards $25,000-$26,000 (the probability is low) and nothing to panic until the daily candle closes below $30,000.
Bitcoin is again taking support of the $30,000 area. There are a lot of buyers near $30,000 and high demand. The wicks showing the rejection and buying pressure. No daily candle yet close below $30,000. The major resistance remains the same of $40,000-$42,000 area. BTC is now at the local resistance area of $33,500 and if broken we see a push towards $35,000. Bitcoin needs to break and hold above $36,000 to make another retest of the $42,000 area. The major support is $28,500-$30,000 zone and if broken we will see a major sell-off towards $25,000-$26,000 (the probability is low) and nothing to panic until the daily candle closes below $30,000.