Hi
As we mentioned in the technical analysis of Bitcoin on March 6; The first and second targets of Bitcoin were seen. The first target of the floor of the FVG DAILY zone was at the level of $22,300, and the second target was the support zone of $21,500 to $20,400.
After breaking its weekly floor ($21,360), the price fell sharply and entered the $19,000 channel. Bitcoin is currently trading at $1,9980.
This sharp fall continued until the 0.618 Fibonacci level, which caused the price to hit this golden level, causing it to have a short growth again to the $20,400 level, which we can consider this short price growth as a pullback to the static area; In this case, the next target of Bitcoin can be the support area of $18,800.
Arztoday 💙
Analyzer✍: Amirreza Rashidi
As we mentioned in the technical analysis of Bitcoin on March 6; The first and second targets of Bitcoin were seen. The first target of the floor of the FVG DAILY zone was at the level of $22,300, and the second target was the support zone of $21,500 to $20,400.
After breaking its weekly floor ($21,360), the price fell sharply and entered the $19,000 channel. Bitcoin is currently trading at $1,9980.
This sharp fall continued until the 0.618 Fibonacci level, which caused the price to hit this golden level, causing it to have a short growth again to the $20,400 level, which we can consider this short price growth as a pullback to the static area; In this case, the next target of Bitcoin can be the support area of $18,800.
Arztoday 💙
Analyzer✍: Amirreza Rashidi
