How high could bitcoin bounce back after overcoming resistance?
Good signal on the bitcoin, which managed to overcome short-term resistance at $18,420.
The technical aspect of the cryptocurrency is improving somewhat, although we must bear in mind that its trend is strongly bearish. In the short term, we may see an attack of the resistance at $21,400.. However, to see an improvement in the medium and long term, it is necessary to wait a close above $25,270.no more and no less than 34% above current levels.
Despite the 14% increase since the beginning of the year, it should be kept in mind that its trend is strongly downward and that it is very likely that we will end up seeing the return of sales at any time. The first level of support is located at $16,090.