Blockware Solutions: BTC’s upward resistance level is $28800
According to reports, analysts at Blockware Solutions, a Bitcoin mining equipment and hosting service provider, said in a report that the upward resistance level for BTC is at $28800, approximately the level during the summer adjustment period of 2021. Analysts wrote that this would be the position leading to another correction in Bitcoin, which may continue to consolidate. To maintain the current bullish structure, bulls need to defend this level. Breaking through this level is clearly the best scenario for bulls, but if we pull back, we would like to see BTC remain around $25200.
Interpretation of this information:
In a report by Blockware Solutions, a Bitcoin mining equipment and hosting service provider, analysts suggested that the resistance level for Bitcoin is currently at $28800, indicating the potential for another correction in the cryptocurrency. The analysts noted that breaking through this level would be a positive scenario for investors, but if Bitcoin pulls back, they recommend that it remains around $25200 to maintain the current bullish market structure. The report suggests that bulls need to defend the $28800 level in order to prevent Bitcoin from consolidating further.
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