Currently, the Bitcoin price is trading at a key support which increases the chances of a short term bullish reversal. If the bulls break the downsloping trendline, the bitcoin price can rise 7% higher and hit the $28700 barrier. Simultaneously, the risk of a breakdown from this support also persists if buyers fail to defend this level which prolong the bearish trend in this coin.
Yana Long
- 2023-05-14
Bitcoin Price Trading at Key Support
Learn about why Bitcoin price is currently trading at a crucial support level increasing the chances of bullish reversal.
![CandleFocus Bitcoin-BitcoinPrice-BitcoinSupport-BullishReversal](https://images.candlefocus.com/Bitcoin-Price-Trading-at-Key-Support.jpg)