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BTC/USD: Support Holds Firm at $29,223
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels. BTC/USD Analysis I wrote in my previous BTC/USD analysis on Thursday last week that it was very difficult to see Bitcoin getting much higher for two reasons: The strong resistance at $31k has again held firm, and the price fails again and again whenever it gets close to that area. Markets were seeing a selloff over recent days in ... (full story)
