First of all, BTC has dropped by 18.3% from historic high. Now it's between key fib levels and above key structure zone.
There are two possible scenarios:
1. price directly rebound from the level or seek support from the lower key structure zone.
2. Price break through the key structure zone. Buyers may come in at the next key structure around USD40000!
By measuring the date and MA, I think scenario 1 is very likely. After the big correction, BTC is still in the uptrend.
There are two possible scenarios:
1. price directly rebound from the level or seek support from the lower key structure zone.
2. Price break through the key structure zone. Buyers may come in at the next key structure around USD40000!
By measuring the date and MA, I think scenario 1 is very likely. After the big correction, BTC is still in the uptrend.
Note
price has been up by 4.6%% so far with key trouble zone conquered Note
It's daily chart and it moved up a lot
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plan your trade and trade your plan
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.