The resistance levels on each of the lower highs ($11500,$10000,$8400,$7400,$6800) as well as the support at $5800 and $6200 are rooted in nature. The sequence is first set up when Bitcoin first hits $7400 and subsequently bottoms at $5800.
Those two levels remain critical. Daily candles above $7400 mean the bear market will likely end, and be followed by a new series of highs as it breaks previous Fibonacci resistance levels. Daily candles below $5800 mean we will see lower lows with likely support again at ~$5000
Those two levels remain critical. Daily candles above $7400 mean the bear market will likely end, and be followed by a new series of highs as it breaks previous Fibonacci resistance levels. Daily candles below $5800 mean we will see lower lows with likely support again at ~$5000
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.