Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.
Do you expect the price of bitcoin to go up or down from this range?
The 200EMA serves as a support line on the bitcoin price chart for now, but there is a good chance that the price of bitcoin will go below this support line.
There’s no volume going up, so the next threat will be the support level.
So many issues today with cryptomarket, and Bitcoin itself are also affected with it. We might see the price lower than $20k again and that could be a big opportunity to many to accumulate more. Bitcoin might hit soon the real bottom at the price level lower than $20k, let’s just wait and do some preparation to buy.