Hello everyone, I invite you to a quick review of the current situation of BTC in the USDT pair, taking into account the one-hour interval. As you can see, the price is climbing along the local upward trend line.
As you can see, the price is still growing dynamically, and the four-year cycle of bitcoin may change, but here we will lay out a trend based fib extension grid, thanks to which we can see how the price has reached a very important resistance zone from $67,644 to $69,962, and when it positively leaves this zone the increase may reach around $73,055.
Looking the other way, however, if we saw a reversal of the trend, this would have a positive impact on the RSI and STOCH indicators, which at the moment are clearly depleted. The price decline may reach the support level of $65,671, and then a support zone is visible around $63,490 to $62,350.
As you can see, the price is still growing dynamically, and the four-year cycle of bitcoin may change, but here we will lay out a trend based fib extension grid, thanks to which we can see how the price has reached a very important resistance zone from $67,644 to $69,962, and when it positively leaves this zone the increase may reach around $73,055.
Looking the other way, however, if we saw a reversal of the trend, this would have a positive impact on the RSI and STOCH indicators, which at the moment are clearly depleted. The price decline may reach the support level of $65,671, and then a support zone is visible around $63,490 to $62,350.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.