BTC - Support and Resistance

٢٦ أغسطس ٢٠٢١

Price reversal has crossed 50% value from the top, retracement is expected at this Point as it comes near fibo ratios and historical resistance, both are coincides with each other. I checked MVRV ratio, it is overvalued. Volume activity is quite low.

It is the time to take 50 - 60% exit, let the prices settle over 50 K, Support levels are 47.5 K and 43.3 K