Bitcoin Is Getting Closer To $27,600 Resistance

Pump certainly is a good start of the week for Bitcoin, Bitcoin holders, as well as Bitcoin long position traders! what can we expect for the rest of the week? We can consider the purple and orange resistance lines circled in green as one resistance block that needs to be broken. 

It can be quite tough however, if the pump continues, there is a very strong resistance at $29,200 this is multi-month resistance level breaking that line and creating strong support level would mean - nothing. lol This is very choppy territory! The support would need to be build above $32,500

What could Bitcoin potentially do? Could we see this scenario to develop leading up to the having? 

We should also be aware that it took exactly 70 days for the price to actually do something after the 2020 having! 

Of course past performance does not guarantee future results but it is something to consider before getting so hyped up. 

All the Best, 

Aventurine!

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