The BTC price recovered strongly, descending to the main upward trend line. Currently, we are staying above a very strong buying zone, but when it is broken, we may see the price drop to around $46,000, the next very important point is the support around $38,900, although I am not taking this place into account at the moment. On the other hand, when the price stabilizes and we see a rebound, we first see a resistance zone, then resistance at the levels of $67,400, $70,200, and then around $74,000
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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.