What does Fibo say? (Analysis based on Fibonacci)

2022年7月20日

Hello to all members of TradingView and my followers.

Bitcoin broke the resistance of the $23,000 range yesterday, but the collision with the next resistance of $23,700 to $23,800 has caused the price to react to this area.
It is possible that after hitting this area, the price will enter a range trend.
A close above the $23,800 resistance zone could push the price towards the resistance of $24,500.
If bitcoin fails to clear the $23,500 resistance zone, it could start a downside correction to the $23,000 support.
The next major support is the $22,690 and upward trend line. A clear move below the trend line support might send the price towards $21,580.

If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.

2022年7月21日

註釋

We did not see price consolidation above the resistance line

2022年7月23日

註釋

The end of the upward trend?