Bitcoin is likely to continue lower off of the current range to strong support just below the current area. If price does happen to get above the current range--which is possible due to hitting a type of polarity on the bottom, the next resistance indicated should be the immediate target.
It should be noted that upon hitting the very strong support, a significant bounce should occur, if not the bottom of this decline.
Also, if the current resistance is surpassed, the bottom may also be in, since the weak resistance above may not hold price for long.
It should be noted that upon hitting the very strong support, a significant bounce should occur, if not the bottom of this decline.
Also, if the current resistance is surpassed, the bottom may also be in, since the weak resistance above may not hold price for long.
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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.
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.