Bitcoin is Fighting with Recent Resistance!

Bitcoin has been on a downtrend for about 13 days but today it has gone up 2,5% already and the day just started!

During those 13 days Bitcoin went down below one of support levels that we can see on the daily candles.

Is This resistance significant? Not quite more important is the support level at around $25,200 and the resistance level at $26,500

So we are kind of in the middle of the bounce.

What has caused this bounce, I would say the traders because this is very strong support line and a lot of people had most probably placed buy order at $25,000

Current situation looks very tricky but I would assume that there will be some chopping around between $25,000 and $26,500 unless something significant happens I wouldn't bet for the price to break either side.

There is still 213 days to the Bitcoin having it will most likely be boring time leading up to that moment.

All the Best, 

Aventurine!

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