empty
 
 
06.05.2021 03:10 PM
Bitcoin challenges important Fibonacci resistance.

Last time Bitcoin was trading around $58,000 we warned that price was at an important Fibonacci resistance area and we were expecting a downward reversal. Price turned lower and fell as low as $52,900 but now bulls have pushed price again close to the resistance area.

This image is no longer relevant

Red rectangle - resistance area

Blue lines - Fibonacci retracements

Bitcoin is back at the 61.8% Fibonacci retracement resistance. Price has not pushed above the latest high. Breaking above $59,000 will be an important sign of strength and could imply more upside should be expected. Resistance is very strong at the 61.8% Fibonacci retracement and another rejection here will be a sign of weakness. Support is key at $52,900-$53,000 and if this level is broken, we should expect Bitcoin to fall even lower towards $47,000-$49,000.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget