#BTC
In addition to yesterday's post, this chart shows the key levels of resistance and supports that Bitcoin will face in following one of the suggested scenarios. If the current support of the uptrend is broken, then with greater chances the market will continue to decline and will move to a tighter support of 5600, from where the likelihood of a rebound will arise. In the event of a rebound from the current region, the market will have the opportunity to test the resistance of 6700, in the case of a breakdown of which BTC will be more bullish and will be able to rise to the level of 7500, which is little chance to break through the first time and we can go for a corrective pullback of the growth. If we look at the market more globally, the breakdown of support for 5600 will indicate a continuation of the downward trend, and the chances of going lower (up to 4000) will arise even more. Overcoming the resistance of 7500 will give the market the strength to move on, and the breakdown of 8500 will be a very positive event for Bitcoin.
In addition to yesterday's post, this chart shows the key levels of resistance and supports that Bitcoin will face in following one of the suggested scenarios. If the current support of the uptrend is broken, then with greater chances the market will continue to decline and will move to a tighter support of 5600, from where the likelihood of a rebound will arise. In the event of a rebound from the current region, the market will have the opportunity to test the resistance of 6700, in the case of a breakdown of which BTC will be more bullish and will be able to rise to the level of 7500, which is little chance to break through the first time and we can go for a corrective pullback of the growth. If we look at the market more globally, the breakdown of support for 5600 will indicate a continuation of the downward trend, and the chances of going lower (up to 4000) will arise even more. Overcoming the resistance of 7500 will give the market the strength to move on, and the breakdown of 8500 will be a very positive event for Bitcoin.
