Bitcoin's Current Support and Resistance Levels
Hello to all members of TradingView and my followers.
Bitcoin has gone through quite a range trend in the past day. The previous day, the candle had a negative reaction in the resistance range of $24,000. Buyers and sellers are indecisive in this range, and considering that we are at the end of the current week, the volume of transactions can decrease.
In general, for Bitcoin, the support range of $22,640 to $23,100 is good support. If there is a pullback to this area and we see signs of support from buyers, we expect the price to grow again until the next resistances. The next target could be in the range of $25,000 to $25,500, and the second target would be in the range of $27,000. From this area, we again expect a strong negative reaction. As long as Bitcoin is inside its short-term ascending channel, the short-term direction of movement will be towards higher resistances.
Good luck!
Bitcoin has gone through quite a range trend in the past day. The previous day, the candle had a negative reaction in the resistance range of $24,000. Buyers and sellers are indecisive in this range, and considering that we are at the end of the current week, the volume of transactions can decrease.
In general, for Bitcoin, the support range of $22,640 to $23,100 is good support. If there is a pullback to this area and we see signs of support from buyers, we expect the price to grow again until the next resistances. The next target could be in the range of $25,000 to $25,500, and the second target would be in the range of $27,000. From this area, we again expect a strong negative reaction. As long as Bitcoin is inside its short-term ascending channel, the short-term direction of movement will be towards higher resistances.
Good luck!
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