jchoi24

A Possible Free-fall Area for Bitcoin

INDEX:BTCUSD   Bitcoin
According to support and resistance levels based on previous price actions, it seems like bitcoin is getting ready to enter a possible "free-fall" zone.

As you can see, there are not much support and resistance levels between 14k to 19k.

So if bitcoin break 19k support level, it is possible to free-fall all the way down to the next support level: 14k.


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.