After the short-lived spike under 25400 horizontal support (also for a very short time under 25k), Bitcoin started to reverse reaching the 27.500 mark.
A new drop followed, but buyers sustained the price at 26k.
At this moment a possible higher low could be in place and, in the short term, we could see more upside.
That being said, I'm looking to buy dips in search of a trade with more than a 1:2 risk: reward ratio considering a rise to test the important horizontal resistance from 28.500.
Negation comes with a drop under the recent low.
A new drop followed, but buyers sustained the price at 26k.
At this moment a possible higher low could be in place and, in the short term, we could see more upside.
That being said, I'm looking to buy dips in search of a trade with more than a 1:2 risk: reward ratio considering a rise to test the important horizontal resistance from 28.500.
Negation comes with a drop under the recent low.
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🌟 Premium Contact:
t.me/IacobMihai