The market in bitcoin has made attempts to hold price above 28400, but recently, preferably looking at today and the prices traded below 28,420 dollars, something is not right: the market has been in a very slow decline in this price action to the downside. We've established the trend; it's still probable and possible that the price of bitcoin could go all the way up to this trend.
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The market to see if it can pick up buyers and drive the market higher. I really wanted the market buyers to hold 28,400 dollars. We need to contend with the market, which obviously is telling us what to expect. At times, it's best to go ahead and take the loss because that increase in loss is definitely still on the table, especially when you still see weakness on the market.
We need to expect the price of bitcoin to continue to trend higher. the market, it doesn't look like it wants to break out towards 28,000 dollars. The sellers are not showing up or they are showing up rejecting the lower price movement to the downside. We could kind of expect that the same thing might happen next in the market.
You can see the price is trending up. We're making lower highs for the market. You can tell that maybe support will enter the market with bitcoin coming in around 29,000 dollars. It's possible, but I'm going to keep it around 28400 dollars. What I'm going to do is look at the price accident on the market.
I do suspect we've got some higher prices to contend with; I'm not going to be a massive bear; those who are bulls in the market can just relax; I do see prices trending up. You've got to be real with yourself when you come in and view the price action and see how the market has been trading and play this upward move into the chart.
We knew where buyers could begin their campaign to push the price up, and the market in bitcoin is giving us a minimal amount of profit.