Bitcoin is following a trendline since 28 mar 2022
it is facing resistance from this downward trendline which is marked red on daily timeframe
On 30 mar Rejected from 48300 level
Again it got rejected from this trendline on 05 Apr, 21 apr, 05 May & 08 Jun
it consolidated between 32000 to 28500 level from 10 may to 11 Jun, which will act as a major resistance now
Now two support downside are 17500 & 16500 if it breaks 11000 can be seen in Bitcoin
short below 16500 for a target of 11000 keeping Stoploss at 22500-23000
Please consult your financial advisor before investing. This is only for Educational Purpose.
it is facing resistance from this downward trendline which is marked red on daily timeframe
On 30 mar Rejected from 48300 level
Again it got rejected from this trendline on 05 Apr, 21 apr, 05 May & 08 Jun
it consolidated between 32000 to 28500 level from 10 may to 11 Jun, which will act as a major resistance now
Now two support downside are 17500 & 16500 if it breaks 11000 can be seen in Bitcoin
short below 16500 for a target of 11000 keeping Stoploss at 22500-23000
Please consult your financial advisor before investing. This is only for Educational Purpose.