BitcoinShort
BITCOIN(BTC/USD): targeting $13k - $14k as our next destination?
As it can be inferred from the Monthly timeframe graph, the price of Bitcoin has rejected the area of resistance located at the $30-31K price region that lines up with the 50% Fibonacci retracement level of the 04/2022 - 12/2022 bearish run.
Hence, judging by the formation, we remain positive about the fact that the price might experience further drop and reach new low levels.
Hence, judging by the formation, we remain positive about the fact that the price might experience further drop and reach new low levels.
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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.