Bitcoin: Buying opportunities for BTC investors will arise if...
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Owing to the constant building-up of buying pressure near the 55 EMA, the buyers could aim to continue the up-channel recovery at the very least. At press time, BTC was trading at $23,077, down by 2.96% in the last 24 hours.After an expected rectangle bottom breakdown, BTC’s southbound journey matched its December 2020 lows and halted within the $18.9k-$19.2k range.
As the lower trendline of the up-channel coincided with the 20 EMA alongside the trendline support, the $22.4k-level could impede selling efforts.
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