Bitcoin bulls circle $28,000 as trader says 'big' buyers need to step in

Bitcoin could to have difficulty breakup through A key resistance area of It is own agreement, Weekend analysis predicted.

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Bitcoin (BTC) guard up renewed pressure on $28,000 In THE October. 8 weekly close as geopolitics uncertainty between traders' radar.

BTC/USD 1 hour chart. Source: TradingView

Trader: Bitcoin behavior has resistance "not THE best"

Data Since Cointelegraph Markets Pro And Trading View watch BTC price performance avoid inconvenience volatility on THE weekend.

THE pair restored Since A instant retest of $27,000 on October. 6, THANKS has surprise United States job data which diverged Since policy adjustments by THE Federal Book.

NOW, THE $28,000 resistance shape THE main indicate of interest For walk participants going In THE new week.

In weak time lapse (LTF) analysis of exchange order books, popular Trader Distort said that major bid power was always required In order has return $28,000 has support.

"SO on LTF We can see clearly THE walk East always trade $28,000 as resistance. On the way has require A big place Buyer has crack that area in my humble opinion," he said X (Previously Twitter) subscribers.

"The criminals are short circuit each LTF bounce In $28,000 as well. »