Hello traders,
I hope you're all safe and sound.
Since reaching the all-time high of $73.8k, BTC has already undergone a 12% correction and it seems this correction is just beginning.
In this 6-hour chart, we observe two major support levels for BTC: the first is the 100 EMA at the current price level and the second lies at $63k. If these supports are breached, the next level would be between $57k-$59k.
I trust this information is helpful. Trade safely.
Regards,
Team Dexter.
#BTCUSD
I hope you're all safe and sound.
Since reaching the all-time high of $73.8k, BTC has already undergone a 12% correction and it seems this correction is just beginning.
In this 6-hour chart, we observe two major support levels for BTC: the first is the 100 EMA at the current price level and the second lies at $63k. If these supports are breached, the next level would be between $57k-$59k.
I trust this information is helpful. Trade safely.
Regards,
Team Dexter.
#BTCUSD
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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.
Related publications
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.