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- A few thoughts on the bitcoin chart and what to expect next week.
- Bitcoin price continues to consolidate under strong local resistance $27,200-$27,550
-At the moment, on the technical side: there is a tightening to the trend line on the 12H chart, which can lead to a decrease in the range of $26,500-26,150 (gray area on the chart). Or there is an option to see a reversal already from the current values (rebound from the trend line) to the breakdown of the local resistance of $27,550
-I stick to the first option, but I still think we will see a slight downward movement at the opening of the week. It seems that there is still not enough fuel for the rocket that I am waiting for, you need to wait a little more, if you understand what I mean
- A few thoughts on the bitcoin chart and what to expect next week.
- Bitcoin price continues to consolidate under strong local resistance $27,200-$27,550
-At the moment, on the technical side: there is a tightening to the trend line on the 12H chart, which can lead to a decrease in the range of $26,500-26,150 (gray area on the chart). Or there is an option to see a reversal already from the current values (rebound from the trend line) to the breakdown of the local resistance of $27,550
-I stick to the first option, but I still think we will see a slight downward movement at the opening of the week. It seems that there is still not enough fuel for the rocket that I am waiting for, you need to wait a little more, if you understand what I mean
