BTC has now broken through the 1-Day MA50 and is being supported by the Ichimoku cloud so BTC's uptrend has been the main trend since mid-June.
The buying and selling force is continuously appearing at the zone of 23000-24000$ and there is no final result yet.
What we need to note is that BTC has officially broken through the $21000-22000 zone and this has become BTC's support zone and BTC accumulation here is possible and will stop loss if BTC breaks through this zone and keep falling.
However, it is highly likely that after losing the uptrend BTC, it will not fall immediately, but will move sideways for a while to end the uptrend of Altcoins before plummeting the whole market to the range of 15000-16000$. This is a bad case for BTC.
Currently BTC is still in an uptrend and the 2 resistance areas we need to pay attention to are the $25,000 and $28000-29000 zone.
The buying and selling force is continuously appearing at the zone of 23000-24000$ and there is no final result yet.
What we need to note is that BTC has officially broken through the $21000-22000 zone and this has become BTC's support zone and BTC accumulation here is possible and will stop loss if BTC breaks through this zone and keep falling.
However, it is highly likely that after losing the uptrend BTC, it will not fall immediately, but will move sideways for a while to end the uptrend of Altcoins before plummeting the whole market to the range of 15000-16000$. This is a bad case for BTC.
Currently BTC is still in an uptrend and the 2 resistance areas we need to pay attention to are the $25,000 and $28000-29000 zone.