Hello everyone, I invite you to review the BTC chart to USD at 1W interval. As we can see long -term despite the current correction, the price lasts above the main line of upward trend. Going further we can see how the current correction stopped at strong support at 79221 $, however, if the support is broken, then you can see the second very strong support at $ 72085, which is close to the upward trend line.
In a situation where the trend is reversed, we have visible resistance at $ 89147, then a significant level of $ 96784 and very strong support at the level of the previous ATH. Looking at the RSI, you can see how he begins to change the direction that can change the direction of the price.
In a situation where the trend is reversed, we have visible resistance at $ 89147, then a significant level of $ 96784 and very strong support at the level of the previous ATH. Looking at the RSI, you can see how he begins to change the direction that can change the direction of the price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.