Bitcoin: The struggle is real.
In the last 18 hours, BTC has dropped 6.35% and is currently at a crucial support level ranging between 57.7k and 58.8k.
If BTC breaks down below this range, a drop to 55k is likely. On the other hand, a rebound could push the price to test the resistance level.
Be cautious and trade safely.
Do your own research before investing.
#Crypto #BTC
If BTC breaks down below this range, a drop to 55k is likely. On the other hand, a rebound could push the price to test the resistance level.
Be cautious and trade safely.
Do your own research before investing.
#Crypto #BTC
Note
BTC Update:
BTC failed to maintain the support level as per our previous analysis. It dropped by almost 6.2% and has now rebounded from the 57k descending support trendline.
Will BTC make it this time? Most likely if it holds the support levels.
For now, let's keep a close eye on the 57k support and the rebound.
Make sure you do your own research and analysis before investing.
Trade safely.
#Crypto #BTC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.