Bavo_DB

Bitcoin again rejected between 61,8 and 65 fib retracement?

BITFINEX:BTCUSD   Bitcoin
- Bitcoin was rejected between 61,8 and 65 fib retracement previously at 10 000 and 8300 dollar.
- 200 MA is coming down as well to this area: last two local tops (10 000 and 8300 dollar) were rejected by 200 MA too.
- Volume is decreasing and price is rising. This relationship was previously followed by a drop.

This would indicate a price target between 7478 and 7550 dollar followed by a drop that could lead to a new lower-low.
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.