BTC Thoughts and Analysis | Crypto | Bitcoin
Today’s focus: Bitcoin
Pattern – Range test
Support – 25,600 – 25,280
Resistance – 26,080 – 27,630
Today, we have run over Bitcoin. We have broken down the current price action with our thoughts on what we see over the longer-term and short-term price structure.
Sellers have continued to push at buyers in the short term after buyers made a quick push higher last week. Industry news continues to dominate the momentum, with the USD presently not having such a big impact. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers trying to make a new test lower?
Have a great day and good trading.
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