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cryptodailyuk
Dec 31, 2023 4:31 PM

Nearby supports and resistances for BTC 

Bitcoin / TetherKuCoin

Description

Nearby supports and resistances for BTC. As you can see, the price remains above the local upward trend line.

After unfolding the trend based fib extension grid, you can see the support zone from $42,370 to $42,228, and then we have support at the level of 41,821.

Looking the other way, we see resistance at $42,706, while further we have a strong resistance zone from $43,080 to $43,281.

We have exceeded the upper limit on the RSI, but looking at the STOCH indicator we can see a greater price recovery.
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