Crypto News

Bitcoin Stalls at Resistance; Minor Support Nearby

Investor tip of the day

Directly participating in oil and gas investments give partners the potential of benefiting from steady returns for the many years to come. Why not? Natural gas, crude oil, and petrol prices are always on the rise. There is no doubt that oil investment outpaces other types of investments. Over the years, thousands of investors became a millionaire from it. Don’t wait and be left behind. Register for free today!

Bitcoin (BTC) pulled back after approaching initial resistance at $32,000. Short-term momentum is improving, which could keep buyers active above the $30,000 support level as bullish sentiment returns.

Buyers have consistently taken profits along the intermediate-term downtrend defined by a series of lower price highs on the charts. There is strong resistance around $32,000-$34,000, which could limit upside price moves.  

Bitcoin was trading around $31,700 at press time and is roughly flat over the past week.

   

Source

Exit mobile version