Nunu123
vip

The Bitcoin price was rejected by the weekly resistance level of $67,147 on Monday and dropped by 2.2%. BTC is currently supported by the 50% retracement level of $64,274 calculated from the lowest level of $56,523 on May 1 to the highest level of $71,995 on May 21. If BTC bounces from $64,274, it could reach the previous resistance level of $67,147 with a 4% increase.


The Relative Strength Index (RSI) and Awesome Oscillator (AO) support this mentioned bounce. The low level formed on June 18th in the 4-hour chart does not reflect the high level of RSI during the same period. This development is called a bullish divergence and usually leads to a reversal of the trend or a short-term rally. If the bulls are aggressive and the overall crypto market outlook is positive, BTC can perform an additional rally of 6% to reach the previous resistance level of $71,280.
View Original
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
0.618vip
· 2024-06-21 05:34
The bull front gold pit is coming, and BTC is expected to drop below $45000!
Reply0