The past week for Bitcoin was mostly traded in a consolidation range between $26.5K to $27.5K.
On the Fibonnacci retracement table, there is a resistance zone above the 0.382 FIB level. On the contrary, the support zone can be placed below the 0.236 FIB level.
The RSI level is currently showcasing negative nature while residing around 45.28. However, the MACD level looks in potential to have a bullish crossover.
In order to regain its positive momentum, BTC needs to have positive breakouts above the resistance levels of
27K
and
29K
, respectively. In case of bearish momentum, the support levels can be placed at $26K and $24K, respectively.
On the Fibonnacci retracement table, there is a resistance zone above the 0.382 FIB level. On the contrary, the support zone can be placed below the 0.236 FIB level.
The RSI level is currently showcasing negative nature while residing around 45.28. However, the MACD level looks in potential to have a bullish crossover.
In order to regain its positive momentum, BTC needs to have positive breakouts above the resistance levels of
27K
and
29K
, respectively. In case of bearish momentum, the support levels can be placed at $26K and $24K, respectively.