Bitcoin
Short

Strong attractor to $BTC price around 88k

83
We can see a beautiful confluence of technicals around 88k

1- Blue dotted line; multiyear (since 2021) strong resistence trend
2- Orange dashed line; recently reseted volume-weighted average price
3- Green tick line; exponential moving average from last 200 12h periods
4- Purple arrow down; target from shoulder-derivated triangle
5- Green fine line; important multiyear Fibonacci-circle level

If this important resistence made of lots of confluences doesn´t hold, we will see the CME gap closed after price plunges to the marked orange square


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.