Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

[Jentot]

Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a result of the recent selloff.The selling pressure seen around its all-time highs in the mid-$19,000 region was unsurprising, but it may not hold strong during the next test of this level

Traders believe that today’s rebound may not last for too much longer, with the selling pressure in the lower-$18,000 region potentially being a major obstacle for the cryptocurrency. One trader is specifically noting that all the key levels are pointing towards the region surrounding $18,400 as a key level that must be surmounted
Over the past few days and weeks, Bitcoin’s price action has done little to provide traders with insight into where the entire market will trend next.

After rallying up to its all-time highs around $19,500, the cryptocurrency faced a firm rejection that caused it to reel as low as $16,400.

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