🔔 You heard Bitcoin for 110K many times, so in this chart I tried to visualize it to show why this is very possible.
🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop.
🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin.
🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well.
🔔 The importance of EMA50
✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.