Technical Analysis and Outlook:
During the most recent trading session, the Bitcoin market experienced a notable decline, falling below significant support levels of 120000, 117500, and 114000, respectively. Current market analysis indicates an initial potential retracement toward the Mean Support level of 108000, with further extension possibilities to the Mean Support level of 105700 and the Key Support level of 100000. It is crucial to acknowledge that intermediary rebounds may occur at these defined levels, particularly at the Mean Resistance level of 113000.
During the most recent trading session, the Bitcoin market experienced a notable decline, falling below significant support levels of 120000, 117500, and 114000, respectively. Current market analysis indicates an initial potential retracement toward the Mean Support level of 108000, with further extension possibilities to the Mean Support level of 105700 and the Key Support level of 100000. It is crucial to acknowledge that intermediary rebounds may occur at these defined levels, particularly at the Mean Resistance level of 113000.
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Related publications
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.