myceliium

BTC: Support/Resistance Test

BITSTAMP:BTCUSD   Bitcoin
BTC is currently sitting below support which also happens to be the 50% retrace of the last leg of the sell off - if it is able to break former support/current resistance level of 50k, it could run to 52k before attempting a retest of support. With that in mind, this week could see BTC range from 52k to 42k as support and resistance are tested before the next move

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.