Hello everyone, it's nice to see you again today to discuss what happens next for BTCUSD.
Overall, Bitcoin experienced significant volatility yesterday, as can be seen after breaking through the $69,000 resistance mark the price set for strong buying again. Currently, BTCUSD is hovering around the $70,900 mark, marking a 0.28% increase on the day.
Technically: BTCUSD could correct if the $71,000 resistance level cannot be broken. Based on price behavior, using Fibonacci measurements, I expect a correction down to the 0.72 mark. This is a strong support level that the bulls will likely serve as a potential consolidation before further growth. If the price quickly returns to $71,000, the likelihood of a breakout increases. The expected target in this case is $72,300.
Good luck, warriors!
Overall, Bitcoin experienced significant volatility yesterday, as can be seen after breaking through the $69,000 resistance mark the price set for strong buying again. Currently, BTCUSD is hovering around the $70,900 mark, marking a 0.28% increase on the day.
Technically: BTCUSD could correct if the $71,000 resistance level cannot be broken. Based on price behavior, using Fibonacci measurements, I expect a correction down to the 0.72 mark. This is a strong support level that the bulls will likely serve as a potential consolidation before further growth. If the price quickly returns to $71,000, the likelihood of a breakout increases. The expected target in this case is $72,300.
Good luck, warriors!
Trade active
Trade active
Comment:
Join my free signals group 🚀:
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
