BTCUSD came within 126 of an important Fib level that could represent significant overhead resistance. Traders would do well to limit their exposure here.
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Tag: BTCUSD
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Update on Bitcoin: Jan 24, 2022
Quick note: BTC has reached our next downside target, the red .886 Fib at 33,205. As we detailed in our last update [see: Jan 18 Update]:
BTC will have two opportunities to rebound at the red .786 Fib (37,245) and the .886 (33,205.) Should these fail, then only one last level of support remains in the way of a complete breakdown.
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