BTC UPDATE
The price broke the $28,450 support down, this is a bearish factor.
What is important — the price is dumping not because of huge sales but because of the
absense of purchases.
We may see a rollback up to the $29,500 but more likely there will be a rejection from this level. The only
real support level for now is
$27,100.
The
only case where we break the $31,000 resistance upwards is a relatively
long consolidation, pressing resistance and only after — breakout.
Overall, I'm not bullish right now.
