This week BTC was strongly Bullish, on Monday pumped from 27695 to 30720 which was termed a fake out pump and immediately corrected to trading zone 27700- 28000 within 30 minutes. Bulls pushed BTC again and rejected all corrections now BTC is trading @ 29900..
BTC 3 times attempted to hold above 30k but rejected.. It seems selling pressure is very high on 30k area which may result in a slight decline to immediate Support Zone..
BTC Resistance:
1. 30100
2. 30300
3. 30700
4. 31300 Major Resistance
BTC Support:
1. 29700
2. 29300
3. 28900
4. 28400
If BTC hold above 30k for a day or two we may see a further pump towards 32k.. If it dips below 29300 expect a Bearish trend..
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Before opening any position first do your own research.. This crypto market is very volatile, do proper risk management.. Goodluck
