Hi guys. Bitcoin daily and 4 hour time frame
If you look closely, from January 14 to July 18, it was in a trading range between $18,850 and $21,700. And after exiting with a powerful candle in daily time and consolidation, the uptrend continued to the 24700 range.
And now it looks like we are back in the trading range between $20,700 and $24,700.
And you should see on the Fibonacci numbers chart that I drew a fibo from $69,000 and $48,000 to the level that Bitcoin saw, which is $17,600. And we see that the 0.236 Fibo, which is the $24,760 range, is currently showing resistance.
Overall, if we break out of this range, we can see Bitcoin rise to $29,200 and $29,700.
At $29,700, there are important static resistances and important Fibo numbers are also placed (0.382 and 0.0236).
And I think the trend could be bullish as long as we stay above 20,700
Good luck
Like and comment please ❤️
If you look closely, from January 14 to July 18, it was in a trading range between $18,850 and $21,700. And after exiting with a powerful candle in daily time and consolidation, the uptrend continued to the 24700 range.
And now it looks like we are back in the trading range between $20,700 and $24,700.
And you should see on the Fibonacci numbers chart that I drew a fibo from $69,000 and $48,000 to the level that Bitcoin saw, which is $17,600. And we see that the 0.236 Fibo, which is the $24,760 range, is currently showing resistance.
Overall, if we break out of this range, we can see Bitcoin rise to $29,200 and $29,700.
At $29,700, there are important static resistances and important Fibo numbers are also placed (0.382 and 0.0236).
And I think the trend could be bullish as long as we stay above 20,700
Good luck
Like and comment please ❤️
