Just a few percent below the current price is the 200 weekly average (green). The 111 MA also rises steeply and will provide additional support. Possibly, the end of April and May will still be quite quiet with slightly falling or sideways running prices. This calms the emotions in the market and provides fuel for further rising prices. The Bitcoin SOPR...
In the last analysis, I already mentioned 40k as a possible price target. Coincidentally, at 42k lies the 50 Fibonacci retracement, which at the same time corresponds exactly to the striking high of January 8, 2021. The high of January 8, 2021 is so important because very many onchain indicators measured maximum overheating on that date. The January 8, 2021 high...
On BITSTAMP:BTCUSD we see support and resistance levels with the Fibonacci function of the Historical Average indicator.