Bitcoin range trading (NEW)
Updated
Bitcoin price created beautiful range between 25240$ and 23350$.
The price got rejected at the key resistance a little bit above 25k.
Currently the price is in the mid of the range.
23850$ and 23620$ may be a good entries for long position if the price drops lower.
The target would be the upper boundary of the range around 25100$
Moreover, if BTC price keeps on ranging, it would be a great scenario for altcoins as they would have some time to rise.
If we lose 23300$, we may be looking at 22800 $ as the next level where buyers most likely will step in.
The price got rejected at the key resistance a little bit above 25k.
Currently the price is in the mid of the range.
23850$ and 23620$ may be a good entries for long position if the price drops lower.
The target would be the upper boundary of the range around 25100$
Moreover, if BTC price keeps on ranging, it would be a great scenario for altcoins as they would have some time to rise.
If we lose 23300$, we may be looking at 22800 $ as the next level where buyers most likely will step in.
Trade active
both entries reached . Still expecting the price to retest 25k again
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