BTC Update:
Bitcoin is again taking support of the $33500 area. There are a lot of buyers near $32000 and high demand. The wicks showing the rejection and buying pressure. No daily candle yet close below $36000. The major resistance remains the same of $40,000-$42,000 area. BTC is now at the local resistance area of $37000 and if broken we see a push towards $38500. Bitcoin needs to break and hold above $37000 to make another retest of the $42,000 area. The major support is $28,500-$30,000 zone and if broken we will see a major sell-off towards $25,000-$26,000 (the probability is low) and nothing to panic until the daily candle closes below $30,000.
Bitcoin is again taking support of the $33500 area. There are a lot of buyers near $32000 and high demand. The wicks showing the rejection and buying pressure. No daily candle yet close below $36000. The major resistance remains the same of $40,000-$42,000 area. BTC is now at the local resistance area of $37000 and if broken we see a push towards $38500. Bitcoin needs to break and hold above $37000 to make another retest of the $42,000 area. The major support is $28,500-$30,000 zone and if broken we will see a major sell-off towards $25,000-$26,000 (the probability is low) and nothing to panic until the daily candle closes below $30,000.