Bitcoin has climbed above the $90K level for the first time since early March. Is this an indication of risk appetite improving, or are investors buying Bitcoin for the same reason they are buying gold? In any case, as traders, we care about the HOWs and WHEREs more than the WHYs.
With that in mind, it is worth keeping an eye on the next areas of potential support and resistance to see whether Bitcoin will break them.
Initial resistance comes in the area between $90,000 to $91,900. In this range, you have prior support meeting the 50% retracement level of the downswing from the January high. Above this, the 61.8% Fibonacci level is at $96K.
Support levels to watch now include the $88,500-$88,800 area, which was resistance previously and where the 200-day average comes into play. Below that, you have the point of origin of this week's breakout near $85,000.
By Fawad Razaqzada, market analyst with FOREX.com
With that in mind, it is worth keeping an eye on the next areas of potential support and resistance to see whether Bitcoin will break them.
Initial resistance comes in the area between $90,000 to $91,900. In this range, you have prior support meeting the 50% retracement level of the downswing from the January high. Above this, the 61.8% Fibonacci level is at $96K.
Support levels to watch now include the $88,500-$88,800 area, which was resistance previously and where the 200-day average comes into play. Below that, you have the point of origin of this week's breakout near $85,000.
By Fawad Razaqzada, market analyst with FOREX.com
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.