Get ready for the new wave of market volatility

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Over the past few days Bitcoin has been hovering around the major resistance at the 31200 rejoin which is a very important resistance bitcoin has to break if we want to see a continuous bullish price movement. the tight consolodation near the rising 20 Day ema which is sloping upward, if the bears want to take control of the market again they will need to pull the price back to 27650 which is the control point for the bears. although bitcoins till remains above the 30k region it managed to bridge the 31k rejoin but didnt have enough volume for the follow up to break the bearer and flip it to support. however today being holidays and the forex market might not open we can expect the market to be highly volatile as some of theses forex traders will ape into crypto to increase the volatility index of bitcoin.

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