BTC (Day chart) technical analysis update.
BTC currently trading at fib 0.5 level and price touched 100EMA, 100 MA will act as good support for BTC
Also, previous resistance (Higher high) acts as major support.
In the day chart, BTC formed ascending channel.
I’m expecting the price could bounce off from the current support level.
If the price drop below 53k then the next support at 50K(psychological support ).
Hexa🧘♂️
BTC currently trading at fib 0.5 level and price touched 100EMA, 100 MA will act as good support for BTC
Also, previous resistance (Higher high) acts as major support.
In the day chart, BTC formed ascending channel.
I’m expecting the price could bounce off from the current support level.
If the price drop below 53k then the next support at 50K(psychological support ).
Hexa🧘♂️
