Bitcoin flash dump to 11500, Whats Next ? $14k or $9400
$13500 is one of the major resistance level according to fibonacci retracement 61.8%, couldn't sustain there and crashed, if you see the next level of support according to fibonacci 0.5 around $11500, and you can see the reversal from there on chart already.
RSI still signalling danger and over bough bitcoin positions , but now below 80 and over 70, but in some cases RSI also get ignored if we are in bullish zone but we need to keep our eyes on that too.
Important resistance is now 13500 is important resistance level and need to stay above $11500 for day closing candle, if it sustain here then you may see
Resistance $13500 $15200 $17000 +
Support $11500 $9400
RSI still signalling danger and over bough bitcoin positions , but now below 80 and over 70, but in some cases RSI also get ignored if we are in bullish zone but we need to keep our eyes on that too.
Important resistance is now 13500 is important resistance level and need to stay above $11500 for day closing candle, if it sustain here then you may see
Resistance $13500 $15200 $17000 +
Support $11500 $9400
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