Bitcoin (BTC/USD) has temporarily found a Support zone price level above $18,000.
If price can hold above the $18,000 for a significant period of time (e.g. weeks and months), then a bull rally reversal could possibly occur.
However, if support is broken to the downside, price could continue a price downtrend.
Support zone price levels: $18000, $17000, $16000, $13000, $12000.
Resistance zone price levels: $20000, $22000, $24000, $30000, $35000.
note: global events such as stock market earnings, government policy changes, and social sentiment can affect cryptocurrency volatility.
If price can hold above the $18,000 for a significant period of time (e.g. weeks and months), then a bull rally reversal could possibly occur.
However, if support is broken to the downside, price could continue a price downtrend.
Support zone price levels: $18000, $17000, $16000, $13000, $12000.
Resistance zone price levels: $20000, $22000, $24000, $30000, $35000.
note: global events such as stock market earnings, government policy changes, and social sentiment can affect cryptocurrency volatility.
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
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All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
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.