⚪️Bitcoin has maintained its support above $ 40,750. It is currently bullish and can cross the $ 45,000 resistance.
⚪️#BTC repeatedly tried to break the $ 43,000 resistance; But it eventually dropped to around $ 41,000 and the cows traded around $ 40,750. Twice attempts were made to break the $ 40,750 support, but the bears failed.
⚪️It has finally resumed its new uptrend and a twin floor pattern appears to have formed at $ 40,750. So far, resistance levels of $ 42,000 and $ 42,800 have been passed. The BTC / USD hourly chart also shows a bearish trend line with resistance at around $ 42,400.
⚪️Meanwhile, the 50% Fibonacci retracement level of the downtrend from the 45,153 ceiling to the $ 40,750 floor has been left behind. #Bitcoin is now trading above $ 43,000 and a 100-hour moving average.
⚪️In addition to the above, it can be seen that the price is currently trying to dominate the current position in the range of 76.4% Fibonacci level. In this position, the nearest resistance level upstream is considered in the range of $ 44,800. The main resistance is also expected to be slightly higher at $ 45,000.
⚪️Climbing and closing candle above the main resistance will probably be the beginning of a strong climb. In this case, the next significant resistance is in the $ 45,500 range, which will push Bitcoin to the $ 46,200 resistance.
But if Bitcoin is not able to cross the $ 45,000 resistance, there is a possibility of a fall. In this case, we consider the nearest support level downstream around $ 43,600.
Below, the $ 43,200 range and moving average are the first key support levels; With that collapse, the possibility of Bitcoin falling to $ 42,000 support is imminent.
⚪️#BTC repeatedly tried to break the $ 43,000 resistance; But it eventually dropped to around $ 41,000 and the cows traded around $ 40,750. Twice attempts were made to break the $ 40,750 support, but the bears failed.
⚪️It has finally resumed its new uptrend and a twin floor pattern appears to have formed at $ 40,750. So far, resistance levels of $ 42,000 and $ 42,800 have been passed. The BTC / USD hourly chart also shows a bearish trend line with resistance at around $ 42,400.
⚪️Meanwhile, the 50% Fibonacci retracement level of the downtrend from the 45,153 ceiling to the $ 40,750 floor has been left behind. #Bitcoin is now trading above $ 43,000 and a 100-hour moving average.
⚪️In addition to the above, it can be seen that the price is currently trying to dominate the current position in the range of 76.4% Fibonacci level. In this position, the nearest resistance level upstream is considered in the range of $ 44,800. The main resistance is also expected to be slightly higher at $ 45,000.
⚪️Climbing and closing candle above the main resistance will probably be the beginning of a strong climb. In this case, the next significant resistance is in the $ 45,500 range, which will push Bitcoin to the $ 46,200 resistance.
But if Bitcoin is not able to cross the $ 45,000 resistance, there is a possibility of a fall. In this case, we consider the nearest support level downstream around $ 43,600.
Below, the $ 43,200 range and moving average are the first key support levels; With that collapse, the possibility of Bitcoin falling to $ 42,000 support is imminent.
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