BITCOIN Long Term View Index: BTCUSD By YongTung – Technische Analysis – 2022-12-17 09:47:14

Hello my friends, I want to talk to you today BTCUSD And the

I have drawn some conclusions about bitcoin .

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Currently, the price tested the $17,815.66 resistance line (0.786 Fibonacci level) and failed.

The price has bounced back weakly and is heading towards a strong resistance.

I expect that the price may make a slight correction to a local high and resistance level $17815.66 (Fibonacci level 0.786) and then it starts to decline.

And I think so bitcoin It might drop below the $15,527.26 support line (Fibonacci level 1.27) and continue lower.

Then I think the price can break the support line and go down.

I set my first goal in support area and the local low at $15,527.26 (Fibonacci level 1.27).

Also, I think the price may break support level And keep moving down until it gets strong support area .

Then i think fibonacci 0.886 is strong support level

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So I set up the second target at $11,303.94 (0.886 fibonacci level) and $10,830.47 (yellow line).

There are also some important points bitcoin

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This is my opinion, I really hope it will be useful to you.

This is an article, not financial advice, always do your own research.

And don’t forget to support this idea with your like and comment, it means a lot to me, thanks.

Be prepared and save your money. Make big profits!

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