Bitcoin Might Loss It’s Uptrend If It’s Fails To Holds It’s Support Level
Bitcoin not tightly held as it’s seen to have failed to hold it’s support level, few weeks ago we witnessed the king crypto to be trading slightly above the &23k mark, which was seen us leaving the bearish market which we witnessed since february of last year.
Trader Rekt capital has he is fondly called on twitter is sending a warning to traders, which he says that from he’s technical analysis bitcoin needs to close at slightly above $22k in other to maintain it’s uptrend. Which he says that bitcoin held the trendline well yesterday, whereas today’s price is downside wicking below it.
BTC needs to daily close above the green Higher Low to keep the technical uptrend intact.
In an assurance statement he said that it’s still pretty much possible that bitcoin will still climb to it’s bullish zone as he said that btc is threatening to lose its multi-week Higher Low (green) after rejecting from ~$23,400 resistance.
At this stage, BTC could still recover back into the green triangle and have this price action print as a downside wick. This Higher Low is the one to watch.
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