Blue lines- trading range
Bitcoin is trading around $28,000. Price got rejected once again on Saturday when price tried to break out of the trading range we are currently in Price so far was not able to push above the upper range boundary resistance. Price is still inside the blue trading range. So far price continues to respect the boundaries. Traders need to be patient. Resistance remains key at $28,900-$29,000. Support is important at $26,600-$26,700. The RSI is downward sloping but still has not reached oversold levels. This sideways movement could continue for more days. As long as price is inside the range, we prefer to be neutral.
