Community post
Bitcoin analysis by Twsiyat1
#BTC
At the end of yesterday, Bitcoin set a daily maximum at 5325. The absence of strong bullish pulses did not allow us to test the upper limit of the green corridor.
In the Asian session, everything changed: right after midnight, the bears resumed pressure and the pair could not stay above the level of 61.8% Fibonacci. The price in the setback set a minimum in the area of 5180. In the morning, sales volumes decreased and it seems that a strong pullback to the lower border of the ascending corridor was avoided.
💡If today the pair manages to recover above 61.8% Fibo, the movement to the target mark of 5500 will resume. If, however, to overcome the resistance of this level of fibonacci does not work, then we should expect a continuation of the rollback to the lower boundary of the green corridor.
Replies (1)
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