Hi everyone, BTCUSD is sitting on a key support level now in line with the 78.6% retracement where we could see further upside to test its resistance zone at 57500 before a reversal. That said, a clear break above the 45000 resistance zone on the H1 time frame is needed for the bullish confirmation. A break below this key support level could see prices push lower with 31000 as the next target.
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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.