SELLERS ARE STILL IN CONTROL
On the hourly time frame, the price of Bitcoin
BTCUSDT is trading closer to the support than to the resistance. If the situation does not change and the rate does not come back above the $26,000 zone soon, there is a high chance to see a test of the $25,652 level soon.
Bulls could not keep Thursday upward move going, which means that sellers keep controlling the situation on the daily chart. If today's candle closes below the previous bar low, the energy should be enough for a support breakout.
All in all, it can lead to a decline to the $25,000 range within the next few days.
BTCUSDT is trading closer to the support than to the resistance. If the situation does not change and the rate does not come back above the $26,000 zone soon, there is a high chance to see a test of the $25,652 level soon.
Bulls could not keep Thursday upward move going, which means that sellers keep controlling the situation on the daily chart. If today's candle closes below the previous bar low, the energy should be enough for a support breakout.
All in all, it can lead to a decline to the $25,000 range within the next few days.
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