Technical Analysis and Outlook:
During this week's trading session, Bitcoin rebounded from our Mean Support level of 104900 and, with significant momentum, subsequently completing the Mean Resistance level of 110300. Currently, the cryptocurrency is poised for a continuation of its downward trajectory, with a target set at the Mean Support level of 105500. This downward trend may necessitate heightened resilience to address the Key Resistance point at 111700 and the emerging historical price action of the Outer Coin Rally at 114500 and beyond. Nonetheless, it remains essential to acknowledge the possibility that current prices may experience an uptick from this juncture, bolstering the rally mentioned above.
During this week's trading session, Bitcoin rebounded from our Mean Support level of 104900 and, with significant momentum, subsequently completing the Mean Resistance level of 110300. Currently, the cryptocurrency is poised for a continuation of its downward trajectory, with a target set at the Mean Support level of 105500. This downward trend may necessitate heightened resilience to address the Key Resistance point at 111700 and the emerging historical price action of the Outer Coin Rally at 114500 and beyond. Nonetheless, it remains essential to acknowledge the possibility that current prices may experience an uptick from this juncture, bolstering the rally mentioned above.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.