After 10 Consecutive green Days recently, bitcoin rejected at a resistance level of $40800 -$41000. While the market sentiments are positive, confusion arises around investors and traders about the next big move. Will the bitcoin BullRun Continue or Could it be a Potential BullTrap?
Currently, Bitcoin is trading around $39000 – $39500 levels, while the next support is at $36000 – $36200 and the next resistance is at around $40800 – $41000. RSI being 45-50 Represents that market is neither overbought or oversold. While Technical analysis shows that in upcoming weeks bitcoin could potentially dip before taking another leg higher.
another dip in bitcoin can lead to $3400-$34500 levels.