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As you can see in the chart, Bitcoin has been fluctuating in a triangle since 2015 and is currently at the bottom of the triangle. The price range of $17,500 to $18,750 is a very strong support range for Bitcoin.
Of course, the trend between Bitcoin is still downward and there is no sign of an upward trend, although this trend will not be downward forever.
And as I mentioned in the previous analysis, there is a very strong possibility that we will have a short-term upward trend, which in my opinion is the best time to exit and save profit.
Bit resistances in the price ranges of $27,000 to $28,500 and if it breaks, it can grow to the price range of $30,000 to $31,500.
And if it cannot return to its upward trend, we can have a very fast and severe decline, and again, if it breaks the $18,500 support area downwards.
I do not see the support range of $14,500, $12,300 and even $8,500 for Bitcoin.
In general, I can say that the market is looking to create a big bear trap to cash out the whales' bitcoins
As you can see in the chart, Bitcoin has been fluctuating in a triangle since 2015 and is currently at the bottom of the triangle. The price range of $17,500 to $18,750 is a very strong support range for Bitcoin.
Of course, the trend between Bitcoin is still downward and there is no sign of an upward trend, although this trend will not be downward forever.
And as I mentioned in the previous analysis, there is a very strong possibility that we will have a short-term upward trend, which in my opinion is the best time to exit and save profit.
Bit resistances in the price ranges of $27,000 to $28,500 and if it breaks, it can grow to the price range of $30,000 to $31,500.
And if it cannot return to its upward trend, we can have a very fast and severe decline, and again, if it breaks the $18,500 support area downwards.
I do not see the support range of $14,500, $12,300 and even $8,500 for Bitcoin.
In general, I can say that the market is looking to create a big bear trap to cash out the whales' bitcoins
