Can BTC fix above the $16,000 mark by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
The price of Bitcoin has dropped by 1.12% over the last 24 hours.
Despite the decline, the rate of Bitcoin has successfully bounced off the local support level at $15,651. Moreover, the price has fixed above the resistance at $15,932.If bulls can hold the gained initiative until the end of the day, the rise may continue to the $16,300 mark tomorrow. On the daily chart, Bitcoin has once again bounced back to the support at $15,632. Currently, one needs to pay close attention to the $16,000 mark. If the bar closes above it with no long wicks, there is a chance to see the local growth of the main cryptocurrency.
A similar situation appears on the longer time frame. If a false breakout of the support level at $15,632 happens, there is a possibility to see Bitcoin bullish next week.
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