Hi everyone
Possible directions of bitcoin movement
The first major resistance against the rise of this currency is near the level of $ 43,500
The next major resistance is near the $ 44,350 level, and if it crosses, the price could accelerate
In such a case, the probability of touching the resistance is $ 45,500
If Bitcoin fails to stay firmly above the resistance level, it is likely to start a new downtrend
The first support in this downtrend will be near the level of $ 42,800
The first major support is currently near the level of $ 42,500
A break below $ 42,500 could push it up to $ 41,500
The next major support is near the $ 40,750 area, and below this level, Bitcoin may experience a sharp decline in price in the short term
Which scenario do you think will happen for Bitcoin?
Have a good day
Possible directions of bitcoin movement
The first major resistance against the rise of this currency is near the level of $ 43,500
The next major resistance is near the $ 44,350 level, and if it crosses, the price could accelerate
In such a case, the probability of touching the resistance is $ 45,500
If Bitcoin fails to stay firmly above the resistance level, it is likely to start a new downtrend
The first support in this downtrend will be near the level of $ 42,800
The first major support is currently near the level of $ 42,500
A break below $ 42,500 could push it up to $ 41,500
The next major support is near the $ 40,750 area, and below this level, Bitcoin may experience a sharp decline in price in the short term
Which scenario do you think will happen for Bitcoin?
Have a good day