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$BTC’s Key Resistance Trendline for This Week
BTC has been very bullish since late September and early October, but has reached strong resistance at $28k. The orange trendline is a key price target where BTC bulls and bears are struggling to gain control over this price level. The trendline acted as support for a few hours before ultimately breaking below, and is […]Read More
$BTC Had a Strong Rejection from Yesterday’s $28k Price Target
Yesterday I discussed $28k being a resistance target on this move up, and today BTC had a strong rejection at this price level. I think BTC is currently forming a dead cat bounce, and I see the price trending down lower. I see the light blue trend line as a price target, but there will […]Read More
$BTC Bullish Bounce off Key Support Level
In yesterday’s post I discussed that BTC is forming a bullish bounce off the white support zone. The EMA ribbon and midrange of the Bollinger Band that are both acting as support as well. BTC has started trending up, and I have $28k and $28.5k as key price targets to monitor on this move up. […]Read More