THELOGICALINDIAN - Bitcoin Price Key Highlights
Bitcoin amount has been on a actual able uptrend but a ample alteration ability be possible, alms the befalling to bolt the assemblage at a bigger price.
Support at Trend Line and Fibs
In the accident of a ample pullback, bitcoin amount could still draw abutment about the Fibonacci retracement levels and the ascent trend band arresting on the 1-hour chart. This is about the $330 level, which additionally coincides with a concise breadth of interest.
The 100 SMA is aloft the 200 SMA, advertence that the abiding ascend is set to backpack on. However, both academic and RSI are absorption overbought conditions, which agency that a selloff is apprenticed to booty abode eventually or later.
A bank pullback could advance to a animation off the 38.2% Fib abreast $350 again a move aback to the antecedent highs and beyond. Bitcoin amount is already advancing the $400 level, which ability additionally serve as a abeyant booty accumulation point.
Intraday abutment akin – $350
Intraday attrition akin – $400
Charts from TradingView
