Bitcoin in Support Zone! Upcoming Perspectives
Updated
Let's take a look at the possible scenarios for the Bitcoin price development!
In the order book, we can see the key sell levels: 36,500 USDT, 37,000 USDT, 37,500 USDT and 38,000 USDT. The price should not fall below 35,000 USDT, since there is a large buy wall.
The dotted arrow marks an assumed scenario in case of a fall below 35,000 USDT. I hope this is not a bull trap.
Let's take a look at the development of the market in the near future. Hopefully, the current uptrend will help regain lost heights.
Not investment advice.
In the order book, we can see the key sell levels: 36,500 USDT, 37,000 USDT, 37,500 USDT and 38,000 USDT. The price should not fall below 35,000 USDT, since there is a large buy wall.
The dotted arrow marks an assumed scenario in case of a fall below 35,000 USDT. I hope this is not a bull trap.
Let's take a look at the development of the market in the near future. Hopefully, the current uptrend will help regain lost heights.
Not investment advice.
Note
Bitcoin successfully bounced off the 34,000 USDT level!Let's look at the trend development a little more before drawing new conclusions.
Trade closed manually
Bitcoin failed to break through the 35,000 USDT resistance level. The idea has invalidated.Most likely, Bitcoin will run between 33,000 USDT and 36,000 USDT for a while. A fall below 33,200 USDT threatens to drop the support level to 31,000 USDT.
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