Initial support around $34K could stabilize the pullback.
Bitcoin buyers could maintain support above $36K.
Bitcoin is under pressure, although buyers could return for a brief bounce.
The weekly chart is holding support and could signal a return of positive momentum this month.
Lower support near $34,000 could stabilize the pullback into the weekend.
“After this eight-day rally, bitcoin may well need to reset,” one analyst said.
Lower support is seen around $34,000-$36,000, which is the middle of a two-month range.
Lower support near $36K could stabilize a pullback.
Bitcoin is in pullback mode with lower support near $32K-34K.
Upside momentum is improving after several months of consolidation.
Bitcoin is holding onto gains above $30K.
Bitcoin buyers should remain active above $30K support.
Bitcoin buyers respond to oversold conditions.
If $30,000 is broken, the next level of support is seen around $27,000.
Previous "death crosses" have marked major or interim price bottoms.