FenzoFx—Bitcoin formed a double top at $113,480.00 and is trading lower, up 0.80% today.
The chart shows equal lows at $107,507.00, indicating unabsorbed liquidity below. Technically, Bitcoin may drop to fill the bullish fair value gap near $103,500.00, if BTC/USD closes below the $109,993.00 resistance.
This bearish outlook is invalidated if Bitcoin closes and stabilizes above $113,480.00. In that case, the next bullish target could be $117,416.00.
The chart shows equal lows at $107,507.00, indicating unabsorbed liquidity below. Technically, Bitcoin may drop to fill the bullish fair value gap near $103,500.00, if BTC/USD closes below the $109,993.00 resistance.
This bearish outlook is invalidated if Bitcoin closes and stabilizes above $113,480.00. In that case, the next bullish target could be $117,416.00.
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.
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.