What does Fibo say? (Analysis based on Fibonacci)
Updated
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Bitcoin broke the resistance of the $23,000 range yesterday, but the collision with the next resistance of $23,700 to $23,800 has caused the price to react to this area.
It is possible that after hitting this area, the price will enter a range trend.
A close above the $23,800 resistance zone could push the price towards the resistance of $24,500.
If bitcoin fails to clear the $23,500 resistance zone, it could start a downside correction to the $23,000 support.
The next major support is the $22,690 and upward trend line. A clear move below the trend line support might send the price towards $21,580.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Bitcoin broke the resistance of the $23,000 range yesterday, but the collision with the next resistance of $23,700 to $23,800 has caused the price to react to this area.
It is possible that after hitting this area, the price will enter a range trend.
A close above the $23,800 resistance zone could push the price towards the resistance of $24,500.
If bitcoin fails to clear the $23,500 resistance zone, it could start a downside correction to the $23,000 support.
The next major support is the $22,690 and upward trend line. A clear move below the trend line support might send the price towards $21,580.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Note
We did not see price consolidation above the resistance line
Note
The end of the upward trend?
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