BTC testing support zones
As you can see the Bitcoin chart shows a strong downtrend from the price at $69,000. We're now in a strong support zone at $43,000 and we may see a bounce upside because of the weekly support zone.
The other scenario which could be possible is the support zone at $31,000.
The weekly chart shows also a double-top pattern, so don't be surprised if the price goes to $31,000 and test that support.
The other scenario which could be possible is the support zone at $31,000.
The weekly chart shows also a double-top pattern, so don't be surprised if the price goes to $31,000 and test that support.
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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.