Bitcoin price trades around $27,000 and $28,000 for the fifth consecutive day. BTC fractal remains intact, preventing BTC from retesting the $30,000 psychological level. A lack of buying pressure could see BTC crash to $25,000 or lower. A decisive daily candlestick close above $30,000 will invalidate the bearish outlook. traders guessing where BTC will go next.
Bitcoin price fractal holds steady Bitcoin price fractal discussed in a previous publication has faced rejection at the 200-day Simple Moving Average at $28,000 and faces a strong sell-off. This caused the October 2 candlestick to close below it. Since then, BTC has been consolidating in a $1,300 range as it trades between $27,000 and $28,000. The bearish fractal is in play, and if history repeats, Bitcoin price should head lower to the next key support level at $25,762.
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