Did a TA on BTC against USD. Seems like BTC is consolidating at around 0.382 level of the fibonacci retracement. Plotted fibonacci retracement from the bottom at $6054 during the massive dip to the tops at $11,804 last week.
We can see that right now BTC price is below the EMA and it broke the previous upward trend and also there is a bearish divergence on the RSI. If the bearish trend continues, it might hit next level support at $8,929 (determined by the fib retracement at 0.5 level). But overall, i think it might just be a normal retracement because Bitcoin went up almost 2x within the 2 weeks and even if it retrace by 50%, still was a pretty huge jump from $6,000 to $9,000.
We can see that right now BTC price is below the EMA and it broke the previous upward trend and also there is a bearish divergence on the RSI. If the bearish trend continues, it might hit next level support at $8,929 (determined by the fib retracement at 0.5 level). But overall, i think it might just be a normal retracement because Bitcoin went up almost 2x within the 2 weeks and even if it retrace by 50%, still was a pretty huge jump from $6,000 to $9,000.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.