trdnvestor

Bitcoin still looking for direction.

COINBASE:BTCUSD   Bitcoin
Held 30k support well so far. A close above 43600 is must to convince bulls. From there, it may start higher high and higher low sequence for upside move. Until then action is in 31k-40k range. Other resistance levels are 38k, 39300 and 40600. It may base here for couple of weeks, which is still better than breakdown to lower levels. Close below 33k red flag. If 30k support fails, next support levels are 28k, 24.5k, 20k and at last 19k.

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