Expected trading for today is between 3700.00 support and 4236.00 resistance.
All of us know:
The decline of bitcoin price was stopped at 61.8% Fibonacci correction level and formed solid support at 3033.00, and Bitcoin price after the bearish correction to 3000.00 level, back to the main bullish trend, moved upwards strongly and breaking 3776.00.
So What Next ..
- After the bullish rally, bitcoin start to show some bearish correction after it faced solid resistance as the above chart and trying to test 3776.00 level..
- 3776.00 level represents 38.2% Fibonacci correction ( for the rise from 1800.00 to 4980.00)..
- The price must hold above 3776.00 to keep the bullish trend..
- Breaking 3776.00 level and holding below it will cancel the bulish trend..
- Breaking 4236.00 and holding above it will push the price to 4980.00..
Expected trading
for today is between 3700.00 support and 4236.00 resistance.
Expected trend for today: Bullish.
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