Bitcoin has retraced from our level at $23.9K, which was a strong resistance level that we identified yesterday. Recall that we also said that it would be unlikely for BTC to break through this level and that we would likely find support at $22.4K. This is exactly what happened and BTC is currently maintaining a narrow range between these two levels. The level $22.4K is the upper bound of a previous range so if we break through this we will likely return to the previous value area between $18.6K and $22.4K.
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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.