Bitcoin was falling almost 5% lower on Sunday on fairly high volume, which indicates the break-down Friday from a rising channel may have now been recognized.
Bitcoin may fall to back test a descending trendline which the crypto broke up through on Feb. 3. The area may provide a pivot back to the upside in the future.
Bitcoin has resistance above at $39,600 and $42,233.66 and support below at $38,105 and $35,993.22.
Bitcoin may fall to back test a descending trendline which the crypto broke up through on Feb. 3. The area may provide a pivot back to the upside in the future.
Bitcoin has resistance above at $39,600 and $42,233.66 and support below at $38,105 and $35,993.22.