There is an unfilled CME gap at 33000 $ for bitcoin.
This is a possible bottom of the current correction. A 33k bottom would mean that we still have a higher low structure.
Slightly below this level, we also see there has been the weekly open price for bitcoin at 32k-ish (twice) which could strengthen this zone as support.
This is a possible bottom of the current correction. A 33k bottom would mean that we still have a higher low structure.
Slightly below this level, we also see there has been the weekly open price for bitcoin at 32k-ish (twice) which could strengthen this zone as support.
Comment:
Just to clarify the last sentence, the weekly open was also the support on the weekly open/close timeframe.
Trade closed: target reached:
Target was reached. Price bounced at exact level.