Bitcoin is currently knocking at the $40k resistance area after breaking out of a symmetrical triangleBitcoin is yet to reclaim the 200-day moving average as supportA failure to retest this crucial MA could result in a dip to $28kBitcoin is at an inflection point with equal odds of a breakout higher or a breakdown to lower levelsIn the last few hours, Bitcoin has bounced off … [Read more...] about Bitcoin Could Drop to $28k if it Does Not Reclaim the 200-day MA
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$28k – $27k is Bitcoin’s Next Level of Support after $30k
Bitcoin is once again retesting the $34,300 price area$34,300 is the 50% retracement level from the March 2020 bottom to the April 2021 peakA loss of this level will open the doors to $30k and the 61.8% retracement level at $27,111$28,850 is also a level of support that held back in JanuaryA bear market could be confirmed if Bitcoin closes the week below the 200-day moving … [Read more...] about $28k – $27k is Bitcoin’s Next Level of Support after $30k