Bitcoin levels
With volatility finally back in the crypto space, bitcoin broke through its support structure at ~$9200 and quickly ran through key support levels :
There are various key levels in this area (noted by all the red dashed lines), bulls will need to push this back above those previous support structures listed above. More weakness and the target is the 61.8% retrace & lower slope in the pitchfork
- The 200DMA
- Median line in pitchfork
- 50% fib retrace
There are various key levels in this area (noted by all the red dashed lines), bulls will need to push this back above those previous support structures listed above. More weakness and the target is the 61.8% retrace & lower slope in the pitchfork
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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.