BITCOIN - Fibonacci
Updated
Considering Fibonacci levels, the 88% level stopped the recent downturns and raised prices again. As can be seen in the picture, the price has fallen to the level of 38.2%.
If the price can push itself above the 38.2% level and stabilize, I can expect further growth to the next Fibonacci level. In case of stabilization above this range, the resistance of $40,000 has been broken.
Conversely, if the acceleration accelerates again, the 61.8% level is the closest bitcoin support, followed by the 78.6% range, which is much stronger than the 61.8 level. The 88% level is after these levels, and if it breaks, the price can reach $32,900, which is solid static support for Bitcoin.
If the price can push itself above the 38.2% level and stabilize, I can expect further growth to the next Fibonacci level. In case of stabilization above this range, the resistance of $40,000 has been broken.
Conversely, if the acceleration accelerates again, the 61.8% level is the closest bitcoin support, followed by the 78.6% range, which is much stronger than the 61.8 level. The 88% level is after these levels, and if it breaks, the price can reach $32,900, which is solid static support for Bitcoin.
Note
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
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.