InvestingScope

BTCUSD: Key level for break-out or rejection.

BITFINEX:BTCUSD   Bitcoin
The price has approached the technical Lower High (3,800) of the 1D Channel Down (RSI = 38.843, MACD = -415.100, Highs/Lows = 0.0000). This will most likely lead to a rejection towards a new -24% Lower Low ~2,850 (3,215 first). If however 2,800 breaks higher, being the 0.382 Fibonacci retracement level, we should test the 0.618 level (4,180) before anything else.


** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
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.