BitcoinShort
BTC/USDT ~ Weekly Overview
Bitcoin (BTC) recently broke down a rising channel pattern formed earlier this month.
The price has now entered a crucial support zone on the Fibonacci retracement table, ranging from the 0.618 FIB level to the 0.786 FIB level.
A further breakdown beneath this support zone could signal more significant downside potential, potentially activating the $25,000 support level.
The Relative Strength Index (RSI) is currently at 24.30, hovering in the oversold territory, indicating bearish sentiment.
In the coming days, the $25,000 and $23,000 support levels will be pivotal.
Conversely, if bulls regain control, resistance levels to watch for are $27,000 and $29,000, respectively.
The price has now entered a crucial support zone on the Fibonacci retracement table, ranging from the 0.618 FIB level to the 0.786 FIB level.
A further breakdown beneath this support zone could signal more significant downside potential, potentially activating the $25,000 support level.
The Relative Strength Index (RSI) is currently at 24.30, hovering in the oversold territory, indicating bearish sentiment.
In the coming days, the $25,000 and $23,000 support levels will be pivotal.
Conversely, if bulls regain control, resistance levels to watch for are $27,000 and $29,000, respectively.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.