BITCOIN TECHNICAL ANALYSIS

So Bitcoin is not able to clear 12000 and now turning back down. Since it turned back down I see following 3 support areas. 9500,8800 and 8200. I personally am waiting for 8200 but if i see good reverse setup at 9500 or 8800 I will be happy to get in.

All 3 level mentioned are fib ratio of the up move and all 3 levels has confluence of prior support or resistance.

If price moves up from current level and breaks the 12000 level the test back of 12000 level will be another good entry point.

If you like it please upvote it and resteem it and comments are welcome.

NOTE: I am not a financial adviser and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.