BTCUSD after halving
Updated
Hi, welcome to my analysis,
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance.
I will update this analysis if I find new keylevels.
Happy trading
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance.
I will update this analysis if I find new keylevels.
Happy trading
Note
BTC broke fibonacci support and is now at our previous support at level 60671Indeed, in the short term, it can be seen that the down channel is still forming, but this down channel is in a larger channel
If this support is able to withstand the bearish pace, then the target is at the down channel resistance or at level 63701 and the maximum target is at pattern resistance at level 71625 or around 18% profit projection.
I will update this analysis again if I find a new keylevel
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