Market Update: Bitcoin at its resistance level


We are currently sitting on a very crucial level in terms of the battle going on of bulls and bears. We are not weak hands and we will not be giving in to minor changes.

BTC has been trying to break off the major resistance placed above 41K but it was completely unsuccessful in doing that. Due to the congested market and low volume, BTC has dumped to its higher support level of $38500. What I see next is that we will retest the major support of $35K and could potentially see the reversal from there. If further correction occurs, which has 30% chances then we are still looking for 28K as a major support and reversal zone.

Only buy the dips, not the resistances.

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