Bitcoin yesterday also dropped below the $40,000 price point. It is currently in a correction and trying to approach the $42,500 resistance, it tries to mount to the 43,500 - 44,250 levels.
#BTC might return above the $43,500 and $44,250 resistance ranges.
. The price is starting to trend up. price is still needed for a rally to $43,000
So far, the 50% Fibonacci retracement level of the recent drop from $43,598 to a low of $39,570. BTC is currently below the $43,500 resistance level.
The BTC/USDT smaller frames chart also shows a downtrend line with resistance around $42,500; The 76.4% Fibonacci level also tried to break through the resistance in this area.
A break of $42,500 is needed to break through the strong resistance to start a strong uptrend. The next key resistance is in the $43,500 range; Breaking that will clear the upside for Bitcoin to rally to 45,000 even many dollars above those levels.
If Bitcoin fails to break above the $43,500 resistance, it will
decline to around 38,500-37,000 The nearest support on D1 .
We will be looking to buy around this strong support area to hold long until the resistance at 65,000 breaks even higher.
#BTC might return above the $43,500 and $44,250 resistance ranges.
. The price is starting to trend up. price is still needed for a rally to $43,000
So far, the 50% Fibonacci retracement level of the recent drop from $43,598 to a low of $39,570. BTC is currently below the $43,500 resistance level.
The BTC/USDT smaller frames chart also shows a downtrend line with resistance around $42,500; The 76.4% Fibonacci level also tried to break through the resistance in this area.
A break of $42,500 is needed to break through the strong resistance to start a strong uptrend. The next key resistance is in the $43,500 range; Breaking that will clear the upside for Bitcoin to rally to 45,000 even many dollars above those levels.
If Bitcoin fails to break above the $43,500 resistance, it will
decline to around 38,500-37,000 The nearest support on D1 .
We will be looking to buy around this strong support area to hold long until the resistance at 65,000 breaks even higher.