Bitcoin daily update
Bitcoin price bounced from Fib 161.80% extension which is common reversal point. We reached also the local Fib retracement around 44800$.
The closest support is 43200$ which is one of local highest volume node. The next support is around 41500$ (fib 100% extension & local highest volume node) which can be close to lower line of local ascending channel and a potential reversal point of the current correction.
The closest resistance is 43800$ (Fib 138.20% extension and local highest volume node). The next resistances are 45250$, 46950$, 48800$.
The closest support is 43200$ which is one of local highest volume node. The next support is around 41500$ (fib 100% extension & local highest volume node) which can be close to lower line of local ascending channel and a potential reversal point of the current correction.
The closest resistance is 43800$ (Fib 138.20% extension and local highest volume node). The next resistances are 45250$, 46950$, 48800$.
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