High demand and buying pressure

The high demand and buying pressure caused the stunning growth of Bitcoin in the market in the past day.

After months, its price again approached the $25,000 channel. This resistance, located at the previous ceiling of Bitcoin, is considered a stronger supply area, if it reacts, it can create a deep correction compared to the previous correction.

Of course, it takes some time to deal with these areas and has a negative reaction. Bitcoin's short-term trend is still bullish, and there are no signs of a reversal.

Bitcoin's first support is considered to be in the range of $23,600 to $23,900 due to the formation of a higher ceiling and floor. Serious and more substantial resistances of Bitcoin are considered in the range of $25,200 to $26,700.

Kommentar:

Bitcoin dominance has returned to its previous ceiling.

Trade ist aktiv:

The total market index, with the growth of yesterday, breaking the resistance range of 1.064 to 1.07 trillion dollars, has the potential to continue moving up to the resistance range of 1.103 to 1.116 trillion dollars. We expect a negative reaction if the index hits this range.

Trade ist aktiv

Trade ist aktiv