Technical Analysis and Outlook:
In the most recent trading session, the Bitcoin market experienced a significant decline, surpassing Mean Support levels at 114500 and 111500, and is currently fluctuating around the Mean Support level of 108300. Consequently, Bitcoin is continuing its trajectory in a primary downward trend, with the primary target identified as the Outer Coin Dip 102500.
Current analysis suggests a modest likelihood that the continuation of the primary downtrend could lead to a retest of the Mean Resistance at 111600, potentially extending to the Mean Resistance at 113300.
Nevertheless, it is essential to acknowledge that the prevailing sentiment within the Bitcoin market remains bearish. Following the conclusion of the primary downtrend at the outer support level of 102500, it is anticipated that Bitcoin will resume its upward trajectory.
In the most recent trading session, the Bitcoin market experienced a significant decline, surpassing Mean Support levels at 114500 and 111500, and is currently fluctuating around the Mean Support level of 108300. Consequently, Bitcoin is continuing its trajectory in a primary downward trend, with the primary target identified as the Outer Coin Dip 102500.
Current analysis suggests a modest likelihood that the continuation of the primary downtrend could lead to a retest of the Mean Resistance at 111600, potentially extending to the Mean Resistance at 113300.
Nevertheless, it is essential to acknowledge that the prevailing sentiment within the Bitcoin market remains bearish. Following the conclusion of the primary downtrend at the outer support level of 102500, it is anticipated that Bitcoin will resume its upward trajectory.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.