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As can be seen in the chart, exactly as predicted in the previous analysis, Bitcoin was able to reach its target and react to the resistance range of $17,300 to $17,550.
According to possible scenarios, the first range to save profit is this range.
Currently, with the price of Bitcoin reaching the resistance zone, there are two scenarios with the highest probability.
The first scenario: continuation of the upward trend and reaching the resistance zone, which is in the range of $17,900 to $18,400, and then the price will fall to the range of $16,000.
Note: The important Fibonacci lines of 0.382 and 0.618 have been drawn on the chart, and the price can have a short correction up to these two ranges and then reach the resistance zone.
Second scenario: the price does not enter the corrective phase and falls from this range to the support area of $16,000.
Arztoday Team â€
Analyzer â:AR.Rashidi
As can be seen in the chart, exactly as predicted in the previous analysis, Bitcoin was able to reach its target and react to the resistance range of $17,300 to $17,550.
According to possible scenarios, the first range to save profit is this range.
Currently, with the price of Bitcoin reaching the resistance zone, there are two scenarios with the highest probability.
The first scenario: continuation of the upward trend and reaching the resistance zone, which is in the range of $17,900 to $18,400, and then the price will fall to the range of $16,000.
Note: The important Fibonacci lines of 0.382 and 0.618 have been drawn on the chart, and the price can have a short correction up to these two ranges and then reach the resistance zone.
Second scenario: the price does not enter the corrective phase and falls from this range to the support area of $16,000.
Arztoday Team â€
Analyzer â:AR.Rashidi
