#BTC 1D Daily
Hello dear Crypto Club Patrons!
What happened earlier yesterday made #BTC to hit our Stop-Loss and forced Bitcoin to lose one of its most important supports which caused a hard crash in crypto market.
After we lost 6000 support, the fall until 5150 was completely normal based on our technical analysis.
Currently #BTC is moving above the black line indicated on the chart and is being supported since then.
Bitcoin has experienced one of the biggest corrections in it’s history, nevertheless, the current movement is completely normal after we have lost the 6000$ support.
We expect Bitcoin to bounce between 5150-5750 price range within the next couple of days or even longer period, this price range is acting as a very strong support at 5150 and a very strong resistance at 5750.
Bitcoin new bottom is at 4800$ which is located at 88% Fibonacci rate as well, but we rather say that it would be much healthier if #BTC reverses from the current price ranges.
We will update the chart again once necessary.
Those who have their stop-loss activated at 6000$, can enter between 5200-5400$ price range.
Stop-Loss for the current movement will be at 4800$ (Subject to stabilization under this level)
Good Luck!
#Technical
#BTC
Hello dear Crypto Club Patrons!
What happened earlier yesterday made #BTC to hit our Stop-Loss and forced Bitcoin to lose one of its most important supports which caused a hard crash in crypto market.
After we lost 6000 support, the fall until 5150 was completely normal based on our technical analysis.
Currently #BTC is moving above the black line indicated on the chart and is being supported since then.
Bitcoin has experienced one of the biggest corrections in it’s history, nevertheless, the current movement is completely normal after we have lost the 6000$ support.
We expect Bitcoin to bounce between 5150-5750 price range within the next couple of days or even longer period, this price range is acting as a very strong support at 5150 and a very strong resistance at 5750.
Bitcoin new bottom is at 4800$ which is located at 88% Fibonacci rate as well, but we rather say that it would be much healthier if #BTC reverses from the current price ranges.
We will update the chart again once necessary.
Those who have their stop-loss activated at 6000$, can enter between 5200-5400$ price range.
Stop-Loss for the current movement will be at 4800$ (Subject to stabilization under this level)
Good Luck!
#Technical
#BTC
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub