During the last two weeks, Bitcoin remains quite bearish. While sellers are locally dominating the markets, here are the key zones to watch for buying opportunities:
Demand zone 1: That zone is based on a 52.500 - 54.100 horizontal support cluster and a rising trend line linking the last higher lows on a daily. Horizontal and vertical structures compose a contracting demand area.
Demand zone 2: 36.000 - 41.000 is a wide area based on a horizontal structure.
Demand zone 3: 28.800 - 29.800 is the zone based on the summer's low.
Let the price reach one of these zones and then look for a confirmation to catch a trend-following move.
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