Bitcoin - A brief overview of the main cryptocurrency 28.02.2022
Consolidation continues! The price is shrinking between the weekly EMA50 and EMA100.
If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area!
Major Breakout and Trendline Retest Already Confirmed!
Bulls defend $34,800 support but struggle to rebuild $44,600 resistance!
In short, the trend is bearish below support and bullish above resistance.
What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area!
Major Breakout and Trendline Retest Already Confirmed!
Bulls defend $34,800 support but struggle to rebuild $44,600 resistance!
In short, the trend is bearish below support and bullish above resistance.
What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
