$BTC TOP 20
Added 2024-07-29 17:01:48 +0000 UTCStill early to confirm but $BTC has struggled today at the $69k level, a resistance we are very familiar with talking about.
We spoke on Friday about being in Wave 5 and may need a smaller pull back before breaking out above the $69k level, so I have added in the green Fib levels to show where this pull back can come to and we can see that they surround the 50 and 200 Day MA......a sight we commonly see.
Fib levels and Moving averages have a habit of working in sync and they form confluence levels, we watch these levels for support....or resistance.
The 50 Day MA at $63k is the next level to watch for if $BTC does not immediately make another attempt at the $69k level.
Comments
Where are we going from here it already touched 63k area ? Are we going lower still or what ?
Irina
2024-08-02 01:13:28 +0000 UTC
