BTC has been on a downtrend and the fall was severe in the recent past, As of now the price has recovered a little bit and is above the major support level of 29500$.
As long as the price stays above the same we can expect the fall to stop and recover. But if the price candle closes below this level we can expect more pain in Bitcoin.
Supports below are at 24k and 19k. In case you are looking to invest in crypto, Deploy small amounts/partial amounts of the capital now and in further dips at support levels. For trading i am planning to short below 29500 (Weekly Candle Close).
DYOR Research before trading or investing. Not Responsible for P&L. Only for educational purposes.
As long as the price stays above the same we can expect the fall to stop and recover. But if the price candle closes below this level we can expect more pain in Bitcoin.
Supports below are at 24k and 19k. In case you are looking to invest in crypto, Deploy small amounts/partial amounts of the capital now and in further dips at support levels. For trading i am planning to short below 29500 (Weekly Candle Close).
DYOR Research before trading or investing. Not Responsible for P&L. Only for educational purposes.
