FX.co ★ Bitcoin retesting buyers

The price of Bitcoin retreated in the short term and now is located at 27,119. It has dropped by 3.99% from yesterday's high of 28,142 to 27,019 today's low. Still, the retreat could be only temporary. The rate could test and retest the immediate support levels before jumping higher again.

BTC/USD is down by 1.22% in the last 24 hours but it's up by 4.31% in the last 7 days. The current sell-off forced the altcoins to drop a little as well.

BTC/USD Natural Retreat!

BTC/USD failed to stay above the 28,000 psychological level, so now it could come back to test and retest the 26,813 static support.

After such an impressive growth, a retreat was natural, but the upside pressure remains high in the short term.

BTC/USD Outlook!

Testing and retesting 26,813 as well as registering only false breakdowns may announce a new bullish momentum. This scenario could bring us new buying opportunities.