BTC/USD Threatens Upward Trend
BTC/USD threatens the upward trend from last year as it gives back the rebound from the monthly low ($41378).
BTC/USD Outlook
BTC/USD struggles to trade back above trendline support even though it snaps the recent series of lower highs and lows, and failure to defend the monthly low ($41378) may push Bitcoin towards $40310 (100% Fibonacci extension).
Next area of interest comes in around $38520 (161.8% Fibonacci extension), but BTC/USD may try to track the positive slope in the 50-Day SMA ($40882) if it continues to hold above the moving average.
Lack of momentum to close below $42240 (50% Fibonacci retracement) may keep BTC/USD within the monthly range, with a move above $44130 (38.2% Fibonacci retracement) bringing the April 2022 high ($47447) back on the radar.
BTC/USD Outlook
BTC/USD struggles to trade back above trendline support even though it snaps the recent series of lower highs and lows, and failure to defend the monthly low ($41378) may push Bitcoin towards $40310 (100% Fibonacci extension).
Next area of interest comes in around $38520 (161.8% Fibonacci extension), but BTC/USD may try to track the positive slope in the 50-Day SMA ($40882) if it continues to hold above the moving average.
Lack of momentum to close below $42240 (50% Fibonacci retracement) may keep BTC/USD within the monthly range, with a move above $44130 (38.2% Fibonacci retracement) bringing the April 2022 high ($47447) back on the radar.
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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.
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.