BTCUSD

By Daniel Mcfoi

BTCUSD-Bitcoin vs US Dollar

, 1 day

short

#Technical

#Bearish

Range

Resistance 1 28000
Quote Price 25756
Support 1 25231
Support 2 21509

On the daily chart, we can see that Bitcoin rallied into the resistance zone around the 28200 area where we had also the 61.8% fibonacci retracement level but got rejected soon after as the market “sold the fact” on the positive Bitcoin news. The price is now trading again at the key 25231 support. If we see a break to the downside, Bitcoin is likely to fall all way to the 21509 level.