My current analysis on BTC as of 25-8-2022 identifying crucial support and resistance areas
BTC is heading back toward a crucial resistance level that lies between $22400 and $22900, that also functioned as support back in dec 2020.
If this level is not gained I expect further price decline, potentially dropping out of the current range. If that happens I see...
The black box from the daily chart I just posted is a very strong level as you can see here. If it breaks and is gained it is very likely to see a strong bounce, to the range we dropped out of a month ago
Didn't enter in the last short position. Red box has already been breached so I will probably wait for price to hit the black box which will be a stronger resistance.
The black box is the last resistance of the current price range so it will be likely to see price decline after reaching this level.
