Bitcoin Needs to Break $45K
Bitcoin is opening on -.12% on the daily.
Bitcoin needs to surpass 45K fib level of resistance with ease for us to be excited about a possible bull run continuation. Based on fib retracements, Bitcoin could fall as low as 28K, but I find that to be highly unlikely as Stoch, RSI, MACD, and on-chain indicators are all signaling a local bottom and incoming recovery.
Bitcoin needs to surpass 45K fib level of resistance with ease for us to be excited about a possible bull run continuation. Based on fib retracements, Bitcoin could fall as low as 28K, but I find that to be highly unlikely as Stoch, RSI, MACD, and on-chain indicators are all signaling a local bottom and incoming recovery.
Related publications
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.