The cryptocurrency Bitcoin is continuing to trade in a downtrend since the last historical higher price was at $ 69000.00 on 1/11/2021
( BTC ) is trading now at $ 31763.69 Which means that (BTC) is facing a great support area to test its strength which is at $ 28800, it’s a very strong support area that I hope to be the point of flying again to reach $ 69000 in order to exceed $ 100 000.
Our view of the (BTC) performance is swimming over a very critical area, So we need to be careful in trading through this risky area by knowing well how to deal with the support areas.
Otherwise (BTC) is trading with a very good daily volume, and we do appreciate this area at the moment which probably couldn’t come again in the future. Overall, we advise buyers to place a stop loss at the suitable support areas depending on your trade time, as breaking these prices leads to another down support area.
As Shown in The Chart Below Prediction:
Target: to hit & exceed $ 34243.00 with a volume. Bitcoin digital currency, if the price of $ 28130.00>>(strong support area) is broken, it may create a lower levels
Support & Resistance: Support: $ 29730.00 - $ 28130.00 - $ 25700.00
Resistance: $ 34243.00
Important: The result depends on our personal Vision which could be right or wrong We analyze the past to predict the future.