My current analysis on BTC as of 25-8-2022 identifying crucial support and resistance areas
BTC is heading back toward a crucial resistance level that lies between $22400 and $22900, that also functioned as support back in dec 2020.
If this level is not gained I expect further price decline, potentially dropping out of the current range. If that happens I see price dropping toward $16000 or even lower toward $13000. These prices are based upon historical price action.
BTC is heading back toward a crucial resistance level that lies between $22400 and $22900, that also functioned as support back in dec 2020.
If this level is not gained I expect further price decline, potentially dropping out of the current range. If that happens I see price dropping toward $16000 or even lower toward $13000. These prices are based upon historical price action.