BTC - Line in the sand

20 באוג׳ 2022

Here are all current fib levels for BTC. We have fallen out of our parallel channel which means the bottom (or our old support) could start acting as new resistance. The solid black line I have drawn is our "line in the sand". Right now, if ETH is able to hold above the $1560-1580 zone BTC could hold this key $20,700 level as some sort of "double bottom" before trying to break back into our channel. IF we fail and lose this level the $19,200-19,500 is our next support zone.