#BTC Last Drop?
Updated
As we can see in the last month #BTC attempted to pass but couldn't to achieve to pass the 11,823 area on coinbase. In the last two days, the BTC/USD pair has broken down of the ascending channel. Its next major support area lies around $9115. If this level breaks, a fall towards the $8,412 level is possible, which is the 0.618 Fibonacci retracement levels of the pullback from $6433 to $11,823 levels.
Intraday traders are likely to get an opportunity to play the small bounce at the $9,115 levels, but the swing traders should wait until bitcoin sees a good interest.
Intraday traders are likely to get an opportunity to play the small bounce at the $9,115 levels, but the swing traders should wait until bitcoin sees a good interest.
Note
As we described it earlier on our yesterday's post #BTC reached $8349 and which was around the 61.8% Fib. retracement level rebounds back. We will further update you on current situation in a while.
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.