Bitcoin is currently fighting some resistance at the
30
,000 level. If the moving average currently at
29
,000 breaks then a possible downside target between
25
,000 and
26
,000 is on the cards. The current trend is still very bullish and even if it hits these levels the bull case is still very strong. The TDV indicator is showing the range from the base line is above the average and a correction back towards the base line is likely going to happen soon.
Overall the market is still bullish with plenty of room to the downside to still remain in a bullish trend.
Overall the market is still bullish with plenty of room to the downside to still remain in a bullish trend.
