BTC - Support and Resistance

BINANCE:BTCUSDT   Bitcoin / TetherUS
Price reversal has crossed 50% value from the top, retracement is expected at this Point as it comes near fibo ratios and historical resistance, both are coincides with each other. I checked MVRV ratio, it is overvalued. Volume activity is quite low.

It is the time to take 50 - 60% exit, let the prices settle over 50 K, Support levels are 47.5 K and 43.3 K


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.