The ardent defense of this level comes about as Bitcoin shows signs of having a bearish market structure, and there are two key levels that are important to watch within this structure that could offer significant insight into how the crypto will trend market the first part of Big Chonis, a popular cryptocurrency analyst bing small business Twitter, explained in a recent trading that this last weekly close favors bears, noting that Bitcoin is still caught within a firm descending channel.
However, no free lunches for shorts as price is at HTF support. Price between levels, hence the bitcoin LTF ranges. Cole is a cryptocurrency trading based in Los Angeles. He studied at the University of California Irvine and has covered bitcoin and the crypto markets since All Rights Reserved.