NoFomoCharts

BTC/USD - Weekly Resistance & Support To Be Tested

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ($BTC) has been consolidating between $8500 and $9900 since May 2020.

On a weekly chart, two-year long Trendline Resistance and Support lines have been holding, with three major touchpoints each.

Downside Breakdown Targets (Support): $8500, $7000, $5000, $3000.

Upside Breakout Targets (Resistance): $10000, $12000, $16000, $19000.

Large Volume is needed to confirm a true sustainable breakout or breakdown.

Click Like and Follow.

Always remember: NO FOMO.


Twitter: https://twitter.com/NOFOMOCharts

YouTube; https://www.youtube.com/channel/UCz2WXAtRB0h1R8AitTk0iVQ

Posts are not financial advice.

Comments

Your username is 🔥
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out