Bitcoin Key Support Levels
Hi Everyone,
Just to share some key support levels for Bitcoin.
Today we saw a steep sell-off, with prices reaching 24% Fibonacci near 50-51k, and also testing the weekly 9EMA (not shown on chart).
It is possible that this support holds. However, if it does break the next key level to watch for is around 43k. This is supported by the following:
-38% Internal Fibonacci
-21 EMA weekly (not shown on chart)
-100% projection of recent 14k fall in price.
- Near Jan high resistance
Good luck!
Just to share some key support levels for Bitcoin.
Today we saw a steep sell-off, with prices reaching 24% Fibonacci near 50-51k, and also testing the weekly 9EMA (not shown on chart).
It is possible that this support holds. However, if it does break the next key level to watch for is around 43k. This is supported by the following:
-38% Internal Fibonacci
-21 EMA weekly (not shown on chart)
-100% projection of recent 14k fall in price.
- Near Jan high resistance
Good luck!
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