Hello, dear members of LeoFinance!
It seems that the pressure on the price of Bitcoin continues.
In the daily chart (1D), BTC/USD is consolidating within the range of the break that took place at the beginning of this year:
As can be seen from the price chart, BTC/USD continues to move sideways, currently testing the 30-day Moving Average. In my view, if the pressure on the price persists then the closest support is the 360-day Moving Average, or at the level of approximately $29,133.
To be continued ...
As of the time of writing, one Bitcoin costs $35,471.16 on the Bitstamp crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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