and are . performed crossover to the zone which further bolsters case for BTCUSD . continues to grow which means that present trend is getting stronger (downtrend). We expect more selling pressure to occur in the cryptocurrency markets within the following days.
Support and resistance
Closest resistance currently sits around 43 800 USD. Another above that appears around 53 000 USD (recent peak) and then around 60 000 USD. Closest support sits around 37 000 USD. Then major support sits around 28 600 USD.
It is visible that downtrend resumed as price exited opening gap zone to the downside.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
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