After breaking several DEMAND levels even on H4 timeframe, BTCUSD is now ranging as previously predicted.
Trying to form a SUPPORT level if that could sustain its heights again.
On weekly time frame, price is currently on a long time formed UNTESTED SUPPORT level and below it is another supposed support point at 18k---
However, according to the drawn path (Check CHART ) we are expecting a retracement at least to 34k---- before a possible further fall but in case of any irregularities in the crypto market, retracement might not be necessary !
NOTE: Observe all risk management measures
Trying to form a SUPPORT level if that could sustain its heights again.
On weekly time frame, price is currently on a long time formed UNTESTED SUPPORT level and below it is another supposed support point at 18k---
However, according to the drawn path (Check CHART ) we are expecting a retracement at least to 34k---- before a possible further fall but in case of any irregularities in the crypto market, retracement might not be necessary !
NOTE: Observe all risk management measures