Bitcoin and resistance level at 38.2% Fibonacci

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 8, 2022 1:06 PM

Bitcoin is encountering resistance in the $16870-$16890 zone, and we need a break above to continue the recovery. Otherwise, Bitcoin price will pull back to the $16,750 support level, and we may see a breakout below and a drop to the $16,600 level.

Support and Resistance Fibonacci

Comments

Solldy

⋅ Dec 9, 2022 8:57 AM

What a great idea! It remains to wait for the price to fix, and you can enter the position)

TheTradersAvenue

⋅ Dec 8, 2022 9:03 PM

Excellent setup. Thanks for sharing

SwallowPremium

⋅ Dec 8, 2022 5:27 PM

Thank you so much for share this information with us!