Bitcoin Analysis | 1-Hour Timeframe
Currently, Bitcoin is positioned at a key support level around $108,380, which can act as an important support zone.
Due to the presence of divergence and overbought conditions on the 1-hour and 15-minute timeframes near $108,000, a price correction down to $104,400 (which coincides with the 50% Fibonacci retracement of the recent move) is expected.
If the price manages to break above the resistance at $108,380, we anticipate a bullish move towards the $109,500 level.
Conversely, a breakdown below the $108,380 support could lead to a deeper correction, potentially down to $105,000.
Good luck.
Risk management and sticking to your strategy are key to success in this volatile market.
Currently, Bitcoin is positioned at a key support level around $108,380, which can act as an important support zone.
Due to the presence of divergence and overbought conditions on the 1-hour and 15-minute timeframes near $108,000, a price correction down to $104,400 (which coincides with the 50% Fibonacci retracement of the recent move) is expected.
If the price manages to break above the resistance at $108,380, we anticipate a bullish move towards the $109,500 level.
Conversely, a breakdown below the $108,380 support could lead to a deeper correction, potentially down to $105,000.
Good luck.
Risk management and sticking to your strategy are key to success in this volatile market.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.