Bitcoin bouncing from 25k support

13 Sep 2023

Hi guys, let's review the current situation on Bitcoin.

Recently Bitcoin dropped to 25k, again, and now in correction phase. There is high possibility that Bitcoin will rise to 27k or even 28k. But I very much doubt that BTC can rise hagher than that. I think that upper bound of 28000-28400 resistance area is maximum where Bitcoin can rise. From there I expect that BTC will continue to fall towards 25k and lower. Also, note that Bitcoin touched 25k support level for the third time and next time it might not support the price. So, bulls should be careful on that level.
Overall I expect that Bitcoin will continue to plunge towards 25k and lower.

If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.

18 Sep 2023

Catatan

Bitcoin broke 27k level and currently is trading within 27200-27500 resistance area. There is high possibility that BTC price can go up to 28k but as I posted in this idea, I don't see Bitcoin going significantly higher than 28k. Mayby 28400 but not higher than that. So, bulls should be extra careful on the current levels and use stop loss.
Overall idea remains the same.

22 Sep 2023

Catatan

Bitcoin didn't manage to brake 27200-27500 resistance area and as expected it fell under 27k. Now Bitcoin is fighting to stay above 26k and maybe go back above 27k.
Overall this idea remains unchanged, I still waiting Bitcoin at 25k.