Bitcoin tested 29500 support

19 ก.ค. 2023

Hi guys, let's review the current situation on Bitcoin.

Bitcoin isn't showing any signs of strength and recenty tested very important support at 29500. For bulls it's extremely important to stay above that support in order to break 32k resistance.
I still think that it's possible that BTC can gain some strength on 29500 level and go test 32k but let's see if this happens.
If Bitcoin price falls under 29500 then we can expect that it will go as low as 28k and it will be highly unlikely that price can go to 30k again in mid-term. More likely it will go towards to 25k again.

If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.

23 ก.ค. 2023

บันทึก

Bitcoin has managed to stay above 29500 price and that's good for bulls. There is still slim hope that BTC can test 32k on next week.
Otherwise my idea remains the same. Nothing much changed here.