Watch these Levels for a potential Low and Reversal of Bitcoin
Bearish View:
Levels to watch if breakdown happens:
8350-8750 range
7150-7650 range
- Weekly MacD is turning bearish
- Weekly RSI has still a way to go until 54 which was the lowest in the last Bull Market
- Clear descending Triangle on Daily and 4h which is likely to break to the downside with it's 3rd or 4th retest
- Lower Highs since 14k
Levels to watch if breakdown happens:
8350-8750 range
- 0.5 Fib Retracement
- 21 Weekly EMA will probably act as resistance in that area
7150-7650 range
- 0.618 Fib Retracement
- 50 Weekly EMA will probably act as resistance in that area
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.