Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
And speaking of strong support, you might want to watch Chill Trader’s technical analysis video on his Youtube channel regarding a strong comeback of BTC in the coming days and identified his own strong support levels.
Seems to me that it’s going to be between $29k to $30k as the strong support level for now. However, if it does break, the next support might be somewhere around $25k to $26k.
I just hope that it will bounce back in the coming days after this dreadful pullback of the entire crypto market that was also influenced by the stock market crash.