XTZ BTC 3-day chart.

XTZ BTC 3-day chart.

Gate Trade XTZ Wednesday, February 26, 2020 481 0

The Bitcoin (BTC) pair of Tezos also shows a rejection at the small target around 0.0003700-0.0004100 satoshis. Such a rejection is not a bad sign, given that Tezos broke above a significant resistance. The price of Tezos couldn’t break above 0.0002500 satoshis for 18 months, after which a breakout led to a substantial volume increase and upward trend. 

 

What would be the most likely scenario here? A retest of the previous resistance at 0.0002500 satoshis would confirm the breakout if buyers are stepping in at this level.