Twitter phenomenon and cryptocurrency analyst Rekt Capital said that a correction to the $28,800 support would be healthy for Bitcoin (BTC) long-term bullishness.
Rekt Capital has recently in the shipmentBitcoin $30,000 evaluated the withdrawal after the overthrow. with the new week bitcoin particular withdrawal correction The analyst, who described it as long term rise for $28,800 of your support to be tested healthy said it would be.
Bitcoin weekly chart $28,800 Marking the band as a critical support, Rekt said the price is above this level. a solid weekly close if he performs and stays on upward momentum will be maintained implied:
Bitcoin has a solid weekly close above the $28,800 support (orange). If the current drop in Bitcoin will go deeper It would be perfectly healthy to retest 28,800. After all, this level was a weekly resistance that has been tested several times and may now have a chance to act as support.
On the other hand, according to the analyst, the first level of resistance in case of a possible Bitcoin rise 33,000 dollars will be. Breaking this level, which has served as support and resistance many times in the last bull market, is perhaps an important region that will determine the direction of Bitcoin. 36-40 thousand dollars will start the rise to the band.
CoinGecko According to the data, within the last 7-day period 0.4% Bitcoin, which has been on the rise, at the time of writing at $29,750he’s dealing.
