Bitcoin price approaches key support levels to avoid 'cascade south'

Bitcoin price approaches key support levels to avoid 'cascade south'
ôîòî ïîêàçàíî ñ : cointelegraph.com

2022-5-28 17:54

Volatility is primed to return after upside above $29,000 fails to become an enduring trend.

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upside return primed volatility above enduring trend

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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support.

2019-3-1 03:44