BTC Breaking Above $28K Will Signal Full Bull Says Analyst

Coin Edition
Coin Edition

16 Sep 2023 12:12 PM

The analyst CrediBULL Crypto warned that the path of least resistance for BTC is down unless it breaks above $28K. Read more on CE....

  • CrediBULL Crypto warns that BTC's price may drop in the short term.
  • The bearish thesis will be invalidated if BTC breaks above $28K.
  • BTC's price broke out of a bullish chart pattern and may overcome resistance at $26,917.47.
  • The path of least resistance for BTC's price is down in the short term.
  • It is best to be cautious until BTC breaks above $28K.
  • The next major resistance for BTC's price is at $27K.
  • BTC's price is currently valued at $26,535.03 with a 0.29% drop in the past day.
  • BTC attempted to challenge the $27K mark but retraced to its current level.
  • BTC broke out of a bullish chart pattern and may flip the resistance level at $26,917.47 into support.
  • A break below the critical support level at $26K may trigger a BTC selloff.

The sentiment of the article is bearish, suggesting that BTC's price may drop in the short term.

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