BITCOIN is Correcting SHORT
Updated
Bitcoin Price rejected by daily channel's upper line, ( Orange Circle )
In the chart the strong support levels are visible orange rectangle about 44300 and 42700 and the price is going to test this levels / also this levels are equal to 0.382 and 0.50 Fibonacci retracement levels of previous uptrend so it makes these levels more stronger [ good opportunities to buy ] ,
but currently the price is going to test theme and it must get cheaper. because 44300 and 42700 are strong enough, the price will fluctuate between the and will make short term sideways - if price breaks above the 44300 next target will be about 49000 and if breaks bellow the 42700, it can get cheaper till about 39800.
In the chart the strong support levels are visible orange rectangle about 44300 and 42700 and the price is going to test this levels / also this levels are equal to 0.382 and 0.50 Fibonacci retracement levels of previous uptrend so it makes these levels more stronger [ good opportunities to buy ] ,
but currently the price is going to test theme and it must get cheaper. because 44300 and 42700 are strong enough, the price will fluctuate between the and will make short term sideways - if price breaks above the 44300 next target will be about 49000 and if breaks bellow the 42700, it can get cheaper till about 39800.
Trade active
BTC is correcting yet
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.