We did not see price consolidation above the resistance line
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Hello to all members of TradingView and my followers.
Yesterday, Bitcoin made one last short-term attempt by buyers to fully break the $23,800 resistance, but we did not see price consolidation above this area. The $23,800 level is a resistance associated with good reactions in 2021. Therefore, Bitcoin could not cross this resistance barrier in the first encounter. The point is that the bottom of the short-term ascending channel has not been broken down yet. There is the potential for another attempt by buyers if the downtrend line within the channel is broken. But if the important support of $22,227 is broken down, the first target of Bitcoin is the $21,594 range, and in general, Bitcoin can decline to the $20,000 range. If there is any change in the situation, I will provide you with an update.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Yesterday, Bitcoin made one last short-term attempt by buyers to fully break the $23,800 resistance, but we did not see price consolidation above this area. The $23,800 level is a resistance associated with good reactions in 2021. Therefore, Bitcoin could not cross this resistance barrier in the first encounter. The point is that the bottom of the short-term ascending channel has not been broken down yet. There is the potential for another attempt by buyers if the downtrend line within the channel is broken. But if the important support of $22,227 is broken down, the first target of Bitcoin is the $21,594 range, and in general, Bitcoin can decline to the $20,000 range. If there is any change in the situation, I will provide you with an update.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
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