The popular strategist made a remarkable statement about what the first support level would be for Bitcoin (BTC) in a possible decline scenario.
Chief Strategist at T3TradingGroup, which provides SEC licensed trading services Scott Redlerannounced the critical support level for Bitcoin. rejections 27 November social media on in your post, $34,900 in a possible decline first stop He stated that it would happen.
Modeling provided by analyst From 28 thousand dollars to 38 thousand dollars successful to the band with signals while coming forward $38,400 level to have been lost bearish expectations also increased for this chart.
In the note he shared in addition to technical indicators, Redler asked investors to stop not to lower their levels to $34,900 wanted:
In recent years, I mentioned that Bitcoin can be purchased monthly in the long term. This table maintained a good stability throughout the year and gave the right signals for the recent rise from 28 thousand to 38 thousand.
Bitcoin lifted its head to see 38,400 last week but could not hold. If you have a Bitcoin position, you can increase your stop level to 34,900.
According to CoinGecko data, in the last 24 hours 1% rise BTC exhibiting, at the time of writing from $37,284 is being traded.
