– Bitcoin reversed from support level 76000.00
– Likely to rise to resistance level 82000.00
Bitcoin cryptocurrency recently reversed from the support zone located between support level 76000.00 (which stopped earlier waves (4) and C), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from August.
The upward reversal from this support zone stopped the earlier primary ABC correction 4 from the start of September.
Bitcoin currency pair can be expected to rise further to the next resistance level 82000.00 – which stopped the previous impulse wave (5).
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.
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