After finding the low at $5900, the Bitcoin price went up breaking above the 200 Moving Average and then forming the head and shoulders pattern. Yesterday BTC/USD broke above the neckline trendline of the H&S pattern suggesting the continuation of the uptrend.
Bitcoin still is trading above the 200 MA, which could act as the support before price goes up to either 76.4% or 88.6% Fibonacci retracement, that is $16600 and $18300 resistance levels.
The support is clearly at $9200, where the left and right shoulders were formed. If Bitcoin will break below the Moving Average, it could decline towards the $9200 support once again before moving higher.
Bitcoin still is trading above the 200 MA, which could act as the support before price goes up to either 76.4% or 88.6% Fibonacci retracement, that is $16600 and $18300 resistance levels.
The support is clearly at $9200, where the left and right shoulders were formed. If Bitcoin will break below the Moving Average, it could decline towards the $9200 support once again before moving higher.
Not
Bitcoin is at the support, uptrend is expected
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.