Bitcoin held its ground very well through Binance and Coinbase problems.
As we know, more often than not, when bad news is not affecting an asset and don't lead to a technical break, the asset is reversing to the upside and this also could be the case for BTC.
From a strictly technical perspective, 25k is strong confluence support, given by the trend line started at the beginning of the year and the horizontal level.
Also, the recent drop from 30k is corrective and a falling wedge.
Thant being said, BTC back above 27k would confirm the bullish outlook and could lead to a retest of the recent high or even a new one around 35k
As we know, more often than not, when bad news is not affecting an asset and don't lead to a technical break, the asset is reversing to the upside and this also could be the case for BTC.
From a strictly technical perspective, 25k is strong confluence support, given by the trend line started at the beginning of the year and the horizontal level.
Also, the recent drop from 30k is corrective and a falling wedge.
Thant being said, BTC back above 27k would confirm the bullish outlook and could lead to a retest of the recent high or even a new one around 35k
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👉 t.me/FanCryptocurrency
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