Kryptotrejder

BTCUSD next potencial support zone

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BITSTAMP:BTCUSD   Bitcoin
As we can see following graph is including Fibonacci extension levels as our potencial reverse zones. FIrst potencial level can be around 9.000$ as 1.272 fib ext. and second 1.414 fib ext on value 8.700$. There is necessary to say that BTC is under main dynamic support level right now, which exists from the beginning of uptrend. We are in undervaluation zone at RSI including positive divergence but only in short-term prediction. In this situation, it is good point to find potencial 1-2-3 bottom formation, which should be confirmed in this kind of volatility.
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