Undoubtedlessly, bitcoin is moving up but there isn’t any guarantee of this new level been sustained.
It is best to be more conservative now has bitcoin price has hit $24,000.
Bitcoin price is on a support at $22,428 and might break this level soon.
The market is giving a dive been though some investors are coming in. Buying bitcoin now might be a huge risk as so many investors might be taking profit soon and this may cause the price to reverse.
Looking at the MACD, the price has made a downward cross and may drop further to $20,000.
Looking at the technical indicators:
- Major Support Level – $22,428