BTC before the resistance zone
Hello everyone, as we can see, the BTC price remains below the local downtrend line.
When we unfold the Trend Based Fib Extension grid, we will be able to determine support areas for the price and here we can see support at the level of $42,815, while further we can see a decline to the zone from $43,502 to $43,237.
Looking the other way, there is a strong resistance zone ahead of the price from $44,086 to $44,280, but there is still plenty of room for a move to $44,836.
When we unfold the Trend Based Fib Extension grid, we will be able to determine support areas for the price and here we can see support at the level of $42,815, while further we can see a decline to the zone from $43,502 to $43,237.
Looking the other way, there is a strong resistance zone ahead of the price from $44,086 to $44,280, but there is still plenty of room for a move to $44,836.
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