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Saturday

27 February 2021

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact


smart summary beta

The price broke the 23.6% Fib retracement level of the upward move from the $50,634 swing low to $57,500 high.

The first major resistance is near the $57,500 high.

The next major support is near the $52,500 level (a multi-touch zone).

If there is a clear break and close below the $52,500 support, the price could decline towards the $50,000 level in the near term.

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