Bitcoin and the 30K pullback



Bitcoin (BTCUSD) has been characterized by an ongoing consolidation phase since the record high in the area of ​​42,000 USD. You should expect an imminent pullback to the round mark of USD 30,000 per coin. There is the next area of ​​support, which can be assessed as stable, and which could already put buyers back on the agenda. From there, the chances for a renewed attempt towards new record levels are in any case good. A first positive indication would therefore arise in the event of an early stabilization. In the further course, the rise above the short-term downtrend line should be assessed as positive. Above USD 37,000, the technical picture appears again completely in a phase of bullish dominance.


If, on the other hand, the pullback fails in the range of 30,000 to 30,100 USD, one should expect further exhaustion. Charges up to the lower support at USD 26,000 and above, or rather below, up to USD 24,100 should be factored in.