SUPPORTS AND RESISTANCES: two fundamental concepts for analyzing Bitcoin.
This makes trades more effective! Or does it? Whether you're an expert or a beginner, share your opinion or questions, and let's grow together in the world 🌎 🌍 of crypto. When studying $BTC, it's not enough to look at whether the price is going up or down. A support is an area where buying interest has historically emerged. A resistance is an area where selling pressure has historically emerged. But be careful: neither one guarantees that the price will bounce. Confirmation from volume and candlestick behavior can provide additional information.
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