Downward Pressure Is Increasing on the Price of Bitcoin. Is a Pullback to Test the Support at $25.2K Approaching?
The OPEC+ announcement of April 2, 2023, will add downward pressure on the markets.
In the absence of a monthly close in March above the monthly resistance at $28.8K, we could hope yesterday, April 2, 2023, for a weekly close above the resistance at $28.5K which is an obstacle to Bitcoin's current upward movement towards $30K.
I won't keep you in suspense, as you should have already noticed today by looking at the Bitcoin price that this was not the case:
Bitcoin saw its price close at $28.2K weekly.
And behind that, an announcement from OPEC+ member countries added pressure with long liquidations that sent the Bitcoin price below $28K with a low hit at $27.5K on April 3, 2023.
So what is this announcement from the OPEC+ countries?
