Bitcoin analysis by Twsiyat1
#BTC
At the end of yesterday, Bitcoin set a daily maximum at 5325. The absence of strong bullish pulses did not allow us to test the upper limit of the green corridor.
In the Asian session, everything changed: right after midnight, the bears resumed pressure and the pair could not stay above the level of 61.8% Fibonacci. The price in the setback set a minimum in the area of 5180. In the morning, sales volumes decreased and it seems that a strong pullback to the lower border of the ascending corridor was avoided.
💡If today the pair manages to recover above 61.8% Fibo, the movement to the target mark of 5500 will resume. If, however, to overcome the resistance of this level of fibonacci does not work, then we should expect a continuation of the rollback to the lower boundary of the green corridor.
Leave Bitcoin analysis by Twsiyat1 to:
Best Posts From byvt
We have not curated any of byvt's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.