Hello, everyone!
The Bitcoin is inside the very important supply zone third time. The fact that the price is testing one resistance level is a great factor for the potential breakout. Let’s see.
What is bad for bulls? The support trendline was broken to the downside and the price is doing some kind of retest now. Moreover if we see the supply zone breakout it’s extremely important to break the central pivot for February month too for the bullish bias in this month. I want to remind you that I have long position with the buy price $36300 and I suppose that we should see the more significant bounce.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
The Bitcoin is inside the very important supply zone third time. The fact that the price is testing one resistance level is a great factor for the potential breakout. Let’s see.
What is bad for bulls? The support trendline was broken to the downside and the price is doing some kind of retest now. Moreover if we see the supply zone breakout it’s extremely important to break the central pivot for February month too for the bullish bias in this month. I want to remind you that I have long position with the buy price $36300 and I suppose that we should see the more significant bounce.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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