BTC: The beginning of a rebound.
Hello everyone,
Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:
✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)
✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!
*S/R Flip: Support/Resistance Flip
Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:
✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)
- Descending channel
- Fibonacci 0.786 retracement
- Significant low (S/R Flip)
✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
- Fibonacci 0.236 retracement
- Significant low (S/R Flip)
✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
- Fibonacci 0.382 retracement
- Significant low (S/R Flip)
There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!
*S/R Flip: Support/Resistance Flip
- This is not a buy or sell recommendation.
- It is a personal perspective and should be used for reference only.
- All decisions and responsibilities lie with you.
Note
🔥New Update!
The price has reached the "Resistance Zone 2"!
Congratulations!
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