Bitcoin (BTC/USD) - Potential Support Zone - Daily chart
Bitcoin (BTC/USD) has temporarily found a Support zone price level above $18,000.
If price can hold above the $18,000 for a significant period of time (e.g. weeks and months), then a bull rally reversal could possibly occur.
However, if support is broken to the downside, price could continue a price downtrend.
Support zone price levels: $18000, $17000, $16000, $13000, $12000.
Resistance zone price levels: $20000, $22000, $24000, $30000, $35000.
note: global events such as stock market earnings, government policy changes, and social sentiment can affect cryptocurrency volatility.
If price can hold above the $18,000 for a significant period of time (e.g. weeks and months), then a bull rally reversal could possibly occur.
However, if support is broken to the downside, price could continue a price downtrend.
Support zone price levels: $18000, $17000, $16000, $13000, $12000.
Resistance zone price levels: $20000, $22000, $24000, $30000, $35000.
note: global events such as stock market earnings, government policy changes, and social sentiment can affect cryptocurrency volatility.
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