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Bitcoin: Future Direction Hinges on $23,130
Bitcoin has been sideways for the last 93 hours following Thursday’s selloff. While BTC is holding above the January trend line at $22,000, it’s currently trading below two key levels. The first is $22,600, which has been a factor for Bitcoin since closing above it on January 20th. It’s serving as resistance this week and will take a daily close above to confirm a bullish reclaim. The second more significant level that Bitcoin is trading below is $23,130. It’s the January close, the February open and close, and the March open. The above makes $23,130 an immensely significant level for Bitcoin. Traders must be ... (full story)
