🚨BTC market UPDATE🚨

Right now, the BTC market is in a head and shoulder pattern guys. So what we have been saying and showing for many days now is a big drop in BTC.
If there is someone you like, there is still a chance to buy the BTC short entry after this pattern is done.
Let's see the technical story related to this.
bitcoin price is slowly moving lower below the 28,500 level. BTC could drop towards to the 28,000 level or the 100 hourly SMA before the Bulls Texas a stand.
Bitcoin is struggling to gain traction for a move about the 28,500 level. the price is trading above 27,750 and the 100 hourly simple moving average.
there was a break below a key bullish trend line with support near 28,400 on the hourly chart of the BTC.
the BTC could revisit the hundred hourly simple moving average before it's attempts a fresh increase.
bitcoin price started the downside correction from the 30,000 resistance Zone. BTC struggle to stay in a positive Zone and settle below the 28,500 pivot level.
recently, the bearish pushed the price below the 28,200 level. besides, there was a break below a key bullies trend line with support near 28,400 on the hourly chart of the BTC. A low is formed near 28,150 and the price is now consolidating losses.
Bitcoin is now trading above 27,750 and the hundred hourly simple moving average. on the upside immediate resistance is near the 28,550 level it is close to the 50% Fib tracement level of the recent decline from the 28,980 swing High to the 28,150 low.
the next key resistant could be near 28,800 or the 76.4% Fib retracement level of the recent decline from the 28,980 swing High to the 28,150 low.
the main resistance is now near the 29000 zone. A clear moving above the 29,000 resistance could set the pace for a larger increase the next key resistance could be 29,500.
anymore gain might send BTC toward the 30,000 level.
if the Bitcoin Falls to rise above the 28500 level, it could slide further immediately 28,150 level. the next major support is near to 28,000 level and the 100 hourly simple moving average downside break and close below the 28,000 support might trigger more losses in the near term.
so, be careful, if you are in a bullish... Follow us
(More Update Coming Soon 📰🗞 🔊)
Disclaimer :the information presented in this article is for information and educational purpose only the article does not constitute financial advice for advice of any kind. Writer is not responsible for any losses in curd as a result of the utilisation of content product of service mentioned readers are advisord to exercise caution before taking any action related to the company.
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