Currently BTC is facing resistance of major trendline (Blue line)+ wedge resistance+ bearish OB resistance...
- For bullish trend, currently Bitcoin have to break above all these resistances along with 89k level for confirmation of bullish trend....
- If it fails and retraces back inside Monday high range, then we can expect price dropping below Monday lows where major support level is present+ Bat Harmonic Potential Reversal Zone+ 61.8 Golden Fib Level around 72000-70500 levels.
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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.