BTC/USDT
Bitcoin is retreating in the range of $ 53,000 to $ 55,000 after breaking its uptrend line. But the $ 41,000 support area is important. This support area is in the range of 0.5 to 0.618 Fibonacci and is also a fixed support area that we predict Bitcoin will support in this area, but if this area is broken, it will form a lower valley than the previous one and the trend will fall completely. It will increase to about $ 53,000, but this is another very strong resistance range. Here, if Bitcoin can break the $ 53,000 range, it can be said that Bitcoin has entered the ascending phase and is pumping in the $ 100,000 range, but if Bitcoin can not cross the $ 53,000 to $ 55,000 range, Bitcoin has entered The stage is ascending. His ascendant phase is suspicious of the head and shoulders pattern and he can pursue the $ 30,000 and $ 20,000 targets.
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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.