4 Reasons 20K to 24K is SUPER important for BTC
1) CME gap in this Area , market is trying to fill this gap
2) important historical high level of BTC in this area which market going to pull back on it
3) weekly 200 moving average is in the same area . in the economic crisis , wars or even during Covid-19 BTC never closed below weekly 200 MA
4) if you draw a Trend-Based fib Extension from 69k to 33k you will see 0.786 level in the same area which is an important level
** thanks to dear mentor arash kahangi **
!! (this is not a financial advise) !!
2) important historical high level of BTC in this area which market going to pull back on it
3) weekly 200 moving average is in the same area . in the economic crisis , wars or even during Covid-19 BTC never closed below weekly 200 MA
4) if you draw a Trend-Based fib Extension from 69k to 33k you will see 0.786 level in the same area which is an important level
** thanks to dear mentor arash kahangi **
!! (this is not a financial advise) !!
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