Can the rate of BTC return above the $28,000 mark next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
On the hourly chart, the rate of Bitcoin is returning to the recently formed support level at $27,374. If the decline continues and the candle closes near the aforementioned mark, the breakout may lead to a drop to the $27,000 zone soon.
On the daily time frame, the price has once again failed to fix above the $28,000 mark, which means that there is a high chance to see a correction before a continued rise. In this case, one can expect a test of the support at $26,707 shortly. From the midterm point of view, the situation is unclear as the price is between the support at $26,845 and the resistance at $28,474.
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