As bitcoin continues to trade sideways in a range, the next sharp move is not far from happening.
Becalmed, but not for long
Bitcoin looks to be reasonably comfortable as it sits on support at around $30,000. Not the heights of over $31,000 and a chance at breaking resistance, but a respectable sideways price action that could break soon.
In fact, it’s only 5 days since bitcoin made a new high for the year, when it rose to $31,500 and looked as though it might break the strongest resistance it’s likely to meet in this bull market.
Strong support below
However, gravity took its toll and bitcoin has returned back down to $30,000. Should this break further to the downside, there is very strong support at around $29,300 and then down to $28,800. After that there is massive support at $25,000 which would also be bolstered by the 200 MA, plus the upward trendline that started at the beginning of the year.
Dark economic clouds gather
Things are still incredibly uncertain from an economic
We współpracy z: https://cryptodaily.co.uk/2023/07/bitcoin-big-move-gets-closer
