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Bitcoin Might Have Difficulty Breaking 28K Resistance on Its Own by lupafilotaxia

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· @lupafilotaxia ·
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Bitcoin Might Have Difficulty Breaking 28K Resistance on Its Own
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<div class="text-justify">At the time of writing these lines, the price action of Bitcoin was oscillating around $27,825, which implies an estimated decline of -0.8% in the last 24 hours, a situation that generates uncertainty about whether the resistance can really be overcome with force. key to the $28,000. </div>
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<div class="text-justify">In response to the information disclosed by William Suberg, bullish Bitcoin traders are surrounding $28,000 while a trader says that a "large" buyer must intervene, and in fact if we look at the weakness that the area shows, it is undeniable that we need a buyer to to be able to forcefully overcome this important resistance. </div>
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<div class="text-justify">According to trader Daan Crypto Trades, “We are still in such an environment but that would likely change with a strong breakout above this region. That's why I'm not too eager to go short right away in case we see a weekend bomb." </div>
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<div class="text-justify">On the other hand, the popular Michaël van de Poppe renews his BTC price forecast at $30,000 by indicating that “My idea is for Bitcoin to continue with the bullish trend and potentially reach $30,000 as global uncertainty grows.” </div>
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<div class="text-justify">It is worth mentioning that Van de Poppe “had previously forecast a move beyond the USD 30,000 mark in October, traditionally Bitcoin's strongest month on the calendar. At just under $28,000, BTC/USD is up 3.5% so far this month, according to data from monitoring resource CoinGlass. </div>
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<div class="text-justify">I would like to know your opinion on what is discussed here. </div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin bulls encircle $28K as trader says ‘big’ buyer must step in. <a href="https://cointelegraph.com/news/bitcoin-bulls-28k-trader-btc-price-big-buyer" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-bulls-28k-trader-btc-price-big-buyer" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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