BTC: CAN WE EXPECT A BOUNCE HERE??? $34500 A GOOD SUPPORT.
Hello folks and welcome to my Bitcoin update in a daily timeframe.
BTC is still holding good support at $34500. The weekly close was at $36300 level which is a decent level but the new opening candle was in red. I believe that BTC should bounce and show some bullish momentum (even if it is just for a few days). I am expecting a rally back to $38k to $40k and then if it can't break out any further then back to the drop.
All this can be possible if BTC won't break below the $34500 support level.
Let's see what comes next.
What do you think about the current price action? Are you expecting a bounce as well?
Let me know your opinion in the comment box.
Trade safe.
BTC is still holding good support at $34500. The weekly close was at $36300 level which is a decent level but the new opening candle was in red. I believe that BTC should bounce and show some bullish momentum (even if it is just for a few days). I am expecting a rally back to $38k to $40k and then if it can't break out any further then back to the drop.
All this can be possible if BTC won't break below the $34500 support level.
Let's see what comes next.
What do you think about the current price action? Are you expecting a bounce as well?
Let me know your opinion in the comment box.
Trade safe.
