Jun 25, 2021
[1 min Read]
Bitcoin is down a lofty 11.7% this week as it at present exchanges underneath $34,000. The BTC began the week by dropping into Support Level at $31,185 on Monday.
On Tuesday, it's anything but a concise plunge underneath $30K interestingly since January 2021. It dropped as low as $28,800 before the Buyers pulled together and immediately pushed BTC back higher. Altogether, BTC didn't go through over 3 hours underneath the $30,000 level.
Since bouncing back above $30,000, BTC made the initial three continuous bullish candles since the mid-May value capitulation. It came to as high as $35,500 today. Nonetheless, it couldn't close above Resistance Level at $34,760 and has since dropped.
Looking forward, the main Support Line lies at $33,520. This is Followed by $32,465, $31,185 and $30,000. Added support line lies at $28,800, $27,750 (January 2021 lows), and $36,840.
On the opposite side, if the Investors can move above Resistance at $34,760, the First Resistance lies at $36,000 (20-day MA). This is trailed by $38,000, $39,490 (early-June highs), $40,000 (50-day MA), and $42,000 (January 2021 highs).