Market Update from PAYBUYMAX

Bitcoin breaks the min. Resistance of $21,915 which it has been consolidating for four weeks and which reach a new high price of $24,268 last week.

Bitcoin has presently retraced to $21,913 from $24,268 and it is showing a bullish flag on the 4hrs timeframe which is giving a potential signal of reaching o $28,000.

If Bitcoin turns the previous resistance of $21,915 to support which it is doing right now that is also showing a bullish signal for bitcoin to get to $28,000 and also 20 moving average is trying to cross the moving average 50 to the upside on the daily timeframe that is another signal by lagging indicators.

Disclaimer: I am not a financial advisor. Do not take any of this as financial advice.
DO your own research.
Consult a professional investment advisor before making any investment decisions


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