BTC Support and Resistance

October 6, 2023

Yesterday strong selling occurred while btc was in a bullish momentum.

Mainly it was a retest of newly formed support 27350. The selling pressure was perfectly bounced from support and currently it is trading in between 27600 - 27700.

Now BTC started upward trend it will face resistance at different positions.

The first resistance is at 27800 which is not much strong after breaking this position the next Resistance is the same position from where it rejected yesterday that is 28100 which is very tough to break.. If BTC succeed breaking this resistance then a bullish momentum will start which will lead to 29150.

Please note that this my personal in depth analysis, before opening any position do your own research first.

#Dyor #BTC #Bitcoin #Support # Resistance