Can BTC avoid a dip to these levels into the monthly close?
A modest bounce means that the pair is trading at around $27,800 at the time of writing as traders flag the most important support and resistance levels going forward.
“$27,700 is the level you need to watch this weekend if you are currently in a fresh long position. Those who are in with me from awhile back, we are not worried unless we lose that range low,” heAn accompanying chart showed the top, bottom and EQ for BTC/USDT on Binance., Filbfilb, co-founder of trading suite Decentrader, said he believed that Bitcoin’s 200-week moving average near $25,500 would be “front run” next.
“The RED region above us is HTF resistance and weekly supply which, thus far, remains untested. It would be logical to test this region before a larger correction to 22-23k BTC occurs,” Credibile Crypto continued on an accompanying chart.
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