ITS BITCOIN ROUTE
we look at OBV it should be cross trendline.
The price of Bitcoin fell sharply to $ 42,000 before the recovery process began. After that, BTC was able to recover the resistance levels of $ 43,500 and $ 45,000.
The price even crossed the 23.6% Fibonacci retracement level of the $ 52,800 downtrend to $ 42,000. The cows even raised the price above $ 46,000, but found near the active level of $ 47,450 with the active presence of sellers.
The Fibonacci correction level of 50% of the main downward movement of the $ 52,800 volatile ceiling to the $ 42,000 volatility floor has acted as a strong resistance. Also on the BTC / USD hourly chart, a major downtrend line is forming with resistance around $ 47,000.
The price of Bitcoin fell sharply to $ 42,000 before the recovery process began. After that, BTC was able to recover the resistance levels of $ 43,500 and $ 45,000.
The price even crossed the 23.6% Fibonacci retracement level of the $ 52,800 downtrend to $ 42,000. The cows even raised the price above $ 46,000, but found near the active level of $ 47,450 with the active presence of sellers.
The Fibonacci correction level of 50% of the main downward movement of the $ 52,800 volatile ceiling to the $ 42,000 volatility floor has acted as a strong resistance. Also on the BTC / USD hourly chart, a major downtrend line is forming with resistance around $ 47,000.
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.