CRYPTO MARKET UPDATE

1: Bitcoin support levels - $28500 and $28,000 strong Support

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2: Bitcoin resistance - $29,800 and $30,400 strong resistance ).

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Analysis -

BTC Support is at $28,500 and $28,000. Resistance is at $29,800 and $30,400. Trade carefully

BTC closed it's 6th August daily candle green at $29,088.

According to the daily timeframe, there is 100 EMA support at $28,500 and 200 EMA support at $27,150.

There are 20 and 50 EMA resistance at $29,400.

Breaking of $28,500 support can increase the probability of price testing towards $28,000 support level. BTC price was unable to make a daily closing above $29,800 resistance level on 2nd August. $29,800 can act as strong resistance. Breaking of $29,800 resistance can increase the probability of price testing toward $30,400 resistance level.