Condiciones de negociación
Products
Herramientas
Violet lines- Fibonacci retracements
Bitcoin is trading again around $22,500. In our previous analysis we warned traders to be cautious as the RSI was at oversold territory with potential for a bounce. The SVB fall out in the US has put pressure on the Dollar and Bitcoin has now retraced more than 50% of its decline. Price is making higher highs and higher lows with potential to reach the 61.8% Fibonacci retracement which is our next target. The decline from $25,257 is complete and we are now in a different wave. Is this the start of a new up trend or just a counter trend bounce? It is too soon to tell and that is why traders need to be cautious. Support is found at $21,000-$20,500. Bulls do not want to see price break below this level. If this happens then the upward move was just a counter trend bounce.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.