BITCOIN retracement, support areas and potential reversal zone
Those are the resistance areas formed by Fibonacci retracement, psychological prices, pivot points on large TF's and ichimoku lines.
While bearish on the short term, there is a bullish on the long term bias, expecting a future break to higher (out of chart) prices after going to 9,200$ (the lower part of the triangle.
8,500$ would invalidate the hypothesis and consolidate a bearish trend on the long term.
While bearish on the short term, there is a bullish on the long term bias, expecting a future break to higher (out of chart) prices after going to 9,200$ (the lower part of the triangle.
8,500$ would invalidate the hypothesis and consolidate a bearish trend on the long term.
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