We are still in the bearish trend until the price of Bitcoin exceeds the $ 55,000 level. We can use Fibonacci levels as important parameters to determine the potential trend.
On the first Fibonacci setting, we see support at 61.8% level and additional support at 38.2%; then the price manages to form its all-time high, $ 69,000.
Bitcoin made a pullback and created a new low at $ 30,000 prices.
We now have another Fibonacci setting, and we see that at the 38.2% level, we have resistance in the zone around $ 48,000.
The price break above brings us up to $ 55,000 at the 61.8% level, and here we come across a very important zone that can be a turning point for the long-term movement of Bitcoin prices.
In the opposite scenario, if the price of Bitcoin fails to break above the 38.2% level, then we continue the bearish trend. We will re-test the previous support at $ 33,000, and we will probably see a break below in the price drop, maybe up to $ 20,000.
On the first Fibonacci setting, we see support at 61.8% level and additional support at 38.2%; then the price manages to form its all-time high, $ 69,000.
Bitcoin made a pullback and created a new low at $ 30,000 prices.
We now have another Fibonacci setting, and we see that at the 38.2% level, we have resistance in the zone around $ 48,000.
The price break above brings us up to $ 55,000 at the 61.8% level, and here we come across a very important zone that can be a turning point for the long-term movement of Bitcoin prices.
In the opposite scenario, if the price of Bitcoin fails to break above the 38.2% level, then we continue the bearish trend. We will re-test the previous support at $ 33,000, and we will probably see a break below in the price drop, maybe up to $ 20,000.
Nota
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.