Following this 30% pullback into the 2020 opening price support, this will take out the 2022 lows, find support at the COVID highs and bounce.
60,000 is the measured move from 2020 open to 2024 highs. Expect some resistance there.
Price support of 31,000
After further thinking, I don't think price will return to 2018 open as I previously thought. Instead just down to 2020 open.
I have projected the 2025 Open because this will become support in the future after price starts retracing off of 60,000
Another key support area is the 50% range from 46,000-31,000 at 38,750
60,000 is the measured move from 2020 open to 2024 highs. Expect some resistance there.
Price support of 31,000
After further thinking, I don't think price will return to 2018 open as I previously thought. Instead just down to 2020 open.
I have projected the 2025 Open because this will become support in the future after price starts retracing off of 60,000
Another key support area is the 50% range from 46,000-31,000 at 38,750
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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.