Btc is looking to form a double top pattern in 1H with critical support level around 8035
If support at 8035 is broken then we may head to 7800-7850 region near the 61.8fib support level.
with less than 5 hours to go for the daily close, if btc doesn't manage to close above the 8200-8300 region then that will be the confirmation of a breakdown.
Considering that the 7800 support holds then, that will be a drop of 2.36% for bitcoin.
https://www.tradingview.com/chart/2jHyamBl/
If support at 8035 is broken then we may head to 7800-7850 region near the 61.8fib support level.
with less than 5 hours to go for the daily close, if btc doesn't manage to close above the 8200-8300 region then that will be the confirmation of a breakdown.
Considering that the 7800 support holds then, that will be a drop of 2.36% for bitcoin.
https://www.tradingview.com/chart/2jHyamBl/
Note
#bitcoin Finally above 8200 today!!!breaking through that double top resistance & testing that 8200-50 region.
lets see if #btc is able to give today's close above that region or we get a rejection. This is perfect time to cut losses, if any & wait for confirmations of a breakdown or a breakout for #bitcoin
Note
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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.