Tue, Oct 26, 2021 @ 05:03 GMT
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Bitcoin extending correction, support expected at 32668

Bitcoin’s pull back from 41964.0 accelerates lower today, following general rebound in Dollar. While deeper fall could not be rule out, recovery should be around the corner. We’re expecting some support from 38.2% retracement of 17629.0 to 41964.0 at 32668.03 to contain downside, at least on first attempt, to bring rebound. This fibonacci level is also close to 4 hour 55 EMA (now at 32859.7). A break above 37126.0 minor resistance will confirm stabilization, and turn BTC/USD into a sideway pattern. Though, firm break of the mentioned support zone would bring deeper fall to 61.8% retracement at 26,924.97 instead.

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