Bitcoin: ⬇️ Sell
- Bitcoin reversed from resistance zone
- Likely to fall to support level 75000.00
Bitcoin cryptocurrency recently reversed from the resistance zone between the resistance 81500.00 (former multi-month support from November), upper daily Bollinger Band and the resistance trendline of the daily up channel from March.
This resistance zone was also strengthened by the 61.8% Fibonacci correction of the downward impulse from January.
Bitcoin cryptocurrency can be expected to fall to the next support level 75000.00 – former strong resistance from March and low of earlier correction iv.
SOURCE LINK : Bitcoin Wave Analysis – ActionForex
