The levels of 29701
have become the lowest level that Bitcoin has reached under the impact of the
blows it was exposed to during the last period, but it managed to rise above
23.6% Fibonacci to levels around 39000 before retreating a little, but it is
still above 23.6% Fibonacci, if the recent rally is just a corrective wave For
the sharp decline that Bitcoin suffered from, a drop below 23.6% will be
inevitable, but what we can rely on in the case of buying is the stability of
29700 levels as a strong demand area during the sharp downturn that it was
exposed to.
Stability in trading
above 23.6% Fibonacci retracement, then rising above 38.2% Fibonacci will end
the downtrend and re-target 61.8% Fibonacci 48135 in the short term
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