BTC/USD Threatens Upward Trend
BTC/USD threatens the upward trend from last year as it gives back the rebound from the monthly low ($41378).
BTC/USD Outlook
BTC/USD struggles to trade back above trendline support even though it snaps the recent series of lower highs and lows, and failure to defend the monthly low ($41378) may push Bitcoin towards $40310 (100% Fibonacci extension).
Next area of interest comes in around $38520 (161.8% Fibonacci extension), but BTC/USD may try to track the positive slope in the 50-Day SMA ($40882) if it continues to hold above the moving average.
Lack of momentum to close below $42240 (50% Fibonacci retracement) may keep BTC/USD within the monthly range, with a move above $44130 (38.2% Fibonacci retracement) bringing the April 2022 high ($47447) back on the radar.
BTC/USD Outlook
BTC/USD struggles to trade back above trendline support even though it snaps the recent series of lower highs and lows, and failure to defend the monthly low ($41378) may push Bitcoin towards $40310 (100% Fibonacci extension).
Next area of interest comes in around $38520 (161.8% Fibonacci extension), but BTC/USD may try to track the positive slope in the 50-Day SMA ($40882) if it continues to hold above the moving average.
Lack of momentum to close below $42240 (50% Fibonacci retracement) may keep BTC/USD within the monthly range, with a move above $44130 (38.2% Fibonacci retracement) bringing the April 2022 high ($47447) back on the radar.
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.
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.