Bitcoin Wave Analysis

Bitcoin: ⬇️ Sell

  • Bitcoin reversed from resistance zone
  • Likely to fall to support level 75000.00

Bitcoin cryptocurrency recently reversed from the resistance zone between the resistance 81500.00 (former multi-month support from November), upper daily Bollinger Band and the resistance trendline of the daily up channel from March.

This resistance zone was also strengthened by the 61.8% Fibonacci correction of the downward impulse from January.

Bitcoin cryptocurrency can be expected to fall to the next support level 75000.00 – former strong resistance from March and low of earlier correction iv.

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