Continue reading U.TODAY
Google news
Neither bulls nor bears dominate on the last day of the week.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) price is down 0.12% in the last 24 hours.
Image by TradingView
On the hourly chart, Bitcoin (BTC) price is looking bearish as the price revisits the recently formed support level of $29,351. If buyers fail to take the initiative, the breakout could lead to a drop to the $29,300 area tomorrow.
Image by TradingView
A similar picture is emerging on the daily timeframe, however, here traders should focus on the $29,294 level.
If the bar closes below it, the prolonged decline could lead to a test of $29,000 shortly.
Image by TradingView
On the weekly chart, the situation is neither bullish nor bearish as the price is far away from the major levels. In this case, the more likely scenario is sideways trading in the $29,000-$30,000 range by month-end.
At press time, Bitcoin is trading at $29,359.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.