Based on BTC daily chart, it tried to break the .618 fib resistance at around $42k but rejected and now is back testing its support at around $39k. If BTC doesn't hold current support, it will back test lower support at around $37k.
In the short term, I expect BTC fall to around $35k and form a reversal where this could bring more volume to the market and enable BTC to surge to a higher price.
MACD indicates an upward reversal momentum may form in the coming days.
In the short term, I expect BTC fall to around $35k and form a reversal where this could bring more volume to the market and enable BTC to surge to a higher price.
MACD indicates an upward reversal momentum may form in the coming days.
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.
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.