I believe the Bitcoin price has reached a critical support for the bulls.
Support area: $30,000 - $29,450
Failure to hold this support will, in my opinion result in a lower local low.
However, as the price is currently holding support, I believe that for as long as it holds, it will head toward resistance at $36500 and then potentially $38,800
This is an update based on recent price action.
I am currently long, and I accept the risk that comes with my decision.
Please do your own t.a, responsibly manage your risk, and stay safe.
Thanks for hitting the like button! - especially if you appreciate the value I am providing for the community.
Wish you a very happy and wealthy new year!
Support area: $30,000 - $29,450
Failure to hold this support will, in my opinion result in a lower local low.
However, as the price is currently holding support, I believe that for as long as it holds, it will head toward resistance at $36500 and then potentially $38,800
This is an update based on recent price action.
I am currently long, and I accept the risk that comes with my decision.
Please do your own t.a, responsibly manage your risk, and stay safe.
Thanks for hitting the like button! - especially if you appreciate the value I am providing for the community.
Wish you a very happy and wealthy new year!
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Ace wins again. MASSIVE WIN!!!!!!!!!!!!!!
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