BitcoinForex (SPOT)

Bitcoin ($BTC): Nice reaction on our levels!

 

The weekly analysis seems to be correct, so we will continue to follow $Bitcoin today, but in short term and on intraday chart. That said, from a technical perspective, we saw a pefect reaction on our support level that pushed the price directly to our first Target. On 1H chart, Price Action should also work the second level around 28k, but what we don’t know is if the crypto will trigger a new low first, or if what is in play is a simple pullback before a new bullish leg.

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