🚨Critical levels of the most important digital currencies..is it time for the summit?🚨

      🚨 Hello Crypto Banter community 🚨

(BTC) BITCOIN 

Chart of the currency pair USD against Bitcoin

Bitcoin (BTC) started to move sideways in this area after entering the Fibonacci expansion area. The current situation reflects price pressure, with the nearest support price in the lower region for BTC at $27,500. The 8-day exponential moving average, which averages at $27,500 today, has also acted as a dynamic support for BTC price since last week.

On the upside, the $28,300 moving average has been positioned as intermediate resistance for BTC in recent days. And if BTC can break the $28,700 range in volume after establishing the floor in the $28,000 range, it can be seen that pressure on the digital currency can be lifted and a move towards the $30,000 range can start. In this area, BTC could quickly rise towards the $32,000-$34,000 range.

In the lower region, below the $27,500 support, $26,700 remains weaker support. A day's close below this value could lead to a correction for BTC towards $25,000. From a daily point of view, a decline in the stochastic RSI can also be taken as a seller's signal. As a result, it has become important to protect this area as a BTC drop below $27,500 could lead to increased sales.

So what do you think ....

In the comments......

@HLSPORTRAIT