Bitcoin: ⬆️ Buy
- Bitcoin reversed from support area
- Likely to rise to resistance level 117325.00
Bitcoin cryptocurrency recently reversed from the support area between the pivotal support level 108000.00 (which stopped two previous corrections a and 2 in August), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from June.
The upward reversal from this support area started the active short-term impulse wave iii of the intermediate impulse wave (5) from the start of April.
Given the clear daily uptrend and the still oversold daily Stochastic, Bitcoin cryptocurrency can be expected to rise to the next resistance level 117325.00 (which stopped earlier impulse wave i).
, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from June.){kind=link}