Bitcoin - approaching the critical level
Bitcoin is approaching the critical area. The price has retraced from 108k (ATH) on 17th Dec and retraced to $91325 retested the previous lower low on 26th Nov. The priced started the upside move to Fib 0.5 Level which is also the previous month mid price zone and it is now hovering over the previous week's high. The 4H candle needs to move decisively and closes above $99,800 region where the sell block is sitting for Btc to move up.
Momentum indicators in both 4H and daily are supporting the upside move initially to $104,433 region (Fib 0.786). Fib 0.786 often works as the very last line of defence for the bear so if there is not enough volume or momentum, the price often gets temporarily pushed down. If it breaks above 0.786, Btc has a very good chance of resuming the upward trend.
Momentum indicators in both 4H and daily are supporting the upside move initially to $104,433 region (Fib 0.786). Fib 0.786 often works as the very last line of defence for the bear so if there is not enough volume or momentum, the price often gets temporarily pushed down. If it breaks above 0.786, Btc has a very good chance of resuming the upward trend.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.