Bitcoin Might Loss It’s Uptrend If It’s Fails To Holds It’s Support Level

avatar

Bitcoin not tightly held as it’s seen to have failed to hold it’s support level, few weeks ago we witnessed the king crypto to be trading slightly above the &23k mark, which was seen us leaving the bearish market which we witnessed since february of last year.

015E99BC510F40BAB91E95DC3F644888.jpeg
source

Trader Rekt capital has he is fondly called on twitter is sending a warning to traders, which he says that from he’s technical analysis bitcoin needs to close at slightly above $22k in other to maintain it’s uptrend. Which he says that bitcoin held the trendline well yesterday, whereas today’s price is downside wicking below it.
BTC needs to daily close above the green Higher Low to keep the technical uptrend intact.

In an assurance statement he said that it’s still pretty much possible that bitcoin will still climb to it’s bullish zone as he said that btc is threatening to lose its multi-week Higher Low (green) after rejecting from ~$23,400 resistance.

At this stage, BTC could still recover back into the green triangle and have this price action print as a downside wick. This Higher Low is the one to watch.

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

Posted Using LeoFinance Beta



0
0
0.000
0 comments