The Bulls have once again failed to turn 38K into Support which has allowed the Bears to initiate an attack and force BTC back below it.

ETH got rejected from the previous high of around 2620$ and made its way back to the 2525$ Level, which has failed once more to provide Support. The Bulls will have to reclaim this Level and turn it into Support if they want to have a chance of pushing ETH higher, however, if they fail and the price drops down and the low around the 2300$ area gets taken out, then the probability of ETH creating another Lower Low would increase significantly. Join our Free Group here for more: https://t.me/eliteelliott

The Bulls could not keep up the momentum as BTC has seen yet another rejection from the 41K area and now it is on its way back down towards the 38K Level. In the past, this level has failed to provide a floor under BTC on many occasions as the Bulls were unable to flip it from Resistance to Support. If they fail again, then the price could fall back into the Descending Channel which would be a bearish sing. Join our Free Group here for more: https://t.me/eliteelliott