Well, yesterday, when the market opened, Bitcoin broke its $17,000 resistance as predicted. It also managed to cross the resistance barrier of $17,200. As you can see, the price is traded above the Simple Moving Average line. The range above $16,800 is considered the range of positivity. The next major resistance is $17,474, the conquest of which will lead to the conquest of $17,500. Above, it has resistance of $18,000 and then $18,500. The important point is that if Bitcoin cannot find a price stabilization above $17,300, it will be in a downward trend. We have also shown its supports in the chart with orange color. The Fibonacci tool is very important and can show us the best data on Bitcoin's behavior. We note that the RSI is above the 50 level.
We will update if any changes occur.
We will update if any changes occur.
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