#bitcoin update- #btc has broken the 50fib support at 8200 again, as yesterday's candle closed below 8200 level.
Bitcoin is currently bouncing on the 61.8fib level at 7782. we can expect a retest of the broken 50fib resistance at 8200 level today, if 7780-7800 support holds.
8200 is also 50% retracement of the drop from 8644 high two days ago to 7785 Low that we saw today.
On the downside, if the 7780-7800 support doesn't hold today, then we can head towards 78.6fib support around 7200 region.
Bitcoin is currently bouncing on the 61.8fib level at 7782. we can expect a retest of the broken 50fib resistance at 8200 level today, if 7780-7800 support holds.
8200 is also 50% retracement of the drop from 8644 high two days ago to 7785 Low that we saw today.
On the downside, if the 7780-7800 support doesn't hold today, then we can head towards 78.6fib support around 7200 region.
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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.