Bitcoin is going to 800,000 THB, right?
After Bitcoin has clearly turned into a downtrend and a reversal pattern has emerged at the resistance area. As a result, the price of bitcoins continues to decline. Allowing us to predict that it might continue to run to the next supporting area. However, in the 4-hour timeframe there was a strong buying force on the Fibonacci retracement, resulting in a noticeable drop in short volumes. Therefore, this supporting area is an important that can cause Bitcoin's upward movement.
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.