Bitcoin is now playing at the 287xx Support and 322xx Resistance trading range.
This 287xx has been a support level from May 10, 2022 to June 9, 2022. A long period before another downside movement.
287xx was a support and now a resistance level.
Long term view
2 Scenarios are possible for me.
A.) We might have a sideways market for some days and If it breaks the 322xx resistance, we can see a possible bullish move up to the Daily Supply Area.
B.) If it breaks the 287xx support now resistance, we might see a downside movement.
4hr Timeframe
The price now plays at 304xx resistance and 297xx support.
This 287xx has been a support level from May 10, 2022 to June 9, 2022. A long period before another downside movement.
287xx was a support and now a resistance level.
Long term view
2 Scenarios are possible for me.
A.) We might have a sideways market for some days and If it breaks the 322xx resistance, we can see a possible bullish move up to the Daily Supply Area.
B.) If it breaks the 287xx support now resistance, we might see a downside movement.
4hr Timeframe
The price now plays at 304xx resistance and 297xx support.
