• Rahul Firez

Beware! Will Bitcoin Hit 19000$ Soon?

Bitcoin had made a high of 34875$ on Binance Exchange on previous trading day but failed to close above the 34000$ which is fist resistance on daily time frame, bitcoin is currently trading around 30000$ if it break the previous low of 28850$, we can see more selling pressure from traders.

Previously Bitcoin has break-down below the ascending triangle. If you doesn't know about ascending triangle pattern , it is know for bearish view once break down below the triangle. now Bitcoin respecting the resistance of 33845$ clearly on above chart.

As shown in the image if Bitcoin failed to hold the previous low which is 28850$ then we can see further downtrend till first support around 23950$ and second support at 19800$.

What we should do we can short the BTC for the first target of previous low which is 28850$ if breaks we can hold till 23950$ for second target and stop loss can be 33900$

What is your opinion on Bitcoin, where would you see the Bitcoin in next two to three days.

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