Hello! Bitcoin has reached the upper border of the descending channel. Further downward movement will continue to new lows. This is confirmed by technical indicators, including CCI and MACD. Therefore, my old goal remains the same (22806). However, it is possible to stop at the trend line (marked in green).
Information provided is only educational and should...
BTCUSD is approaching our first support at 3775.9 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 4065.0 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see...
