Can BTC return to $22,000 next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
Despite the slight rise, Bitcoin is looking bearish on the local chart as the rate is returning to the support level of $21,770. If closure happens near it, the breakout may lead to a further drop to the $21,600 zone shortly.
On the daily time frame, the price has made a false breakout of the resistance at $21,939 against low volume. If the situation does not change by the end of the day, the decline may continue to the middle of the channel around the $21,500-$21,600 zone. Such a scenario is relevant until the end of the week.
On the weekly chart, the rate of Bitcoin has made a false breakout of the mirror level at $21,473, which means that the main coin might have found a local bottom and is ready to bounce back.
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