- Bitcoin broke daily up channel
- Likely to fall to support level 105000.00
Bitcoin cryptocurrency recently broke the support trendline of the sharp daily up channel from the start of April intersecting with the 50% Fibonacci correction of the upward impulse from the middle of May.
The breakout of this up channel stopped the previous impulse wave 5 of the extended upward impulse wave (3) from April.
Bitcoin cryptocurrency can be expected to fall to the next support level 105,000.00, the breakout of which can lead to further losses toward 102150,00 (low of the previous minor correction 4).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.