SasanSeifi| BITCOIN: Will a Pullback Lead to Lower Levels?
Hey there, ✌
Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish.
We expect that after completing a pullback, the price may move towards the corrective targets of $57,500, $57,000, $56,700, and $56,000.
❌ Key resistance levels to watch are around $59,000 and $59,700.
💢 Keep in mind that this is just my personal perspective and not financial advice. I’d love to hear your thoughts and exchange ideas!
Good luck and happy trading! ✌😎
Feel free to reach out if you have any questions – I’m here to help!✌
Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish.
We expect that after completing a pullback, the price may move towards the corrective targets of $57,500, $57,000, $56,700, and $56,000.
❌ Key resistance levels to watch are around $59,000 and $59,700.
💢 Keep in mind that this is just my personal perspective and not financial advice. I’d love to hear your thoughts and exchange ideas!
Good luck and happy trading! ✌😎
Feel free to reach out if you have any questions – I’m here to help!✌
Follow Your Own Trading Plan!
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
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.