Bitcoin's price shows signs of a potential decline after testing resistance levels. A correction at this stage is generally a healthy sign for the market, allowing for consolidation before any strong upward move.
Bitcoin may test the resistance line after the current decline. If the price falls below 118,000, there is interim support, but further downside may be expected. 116K and 112K A break below 112,000 could open the door for deeper bearish momentum.
You May find more details in the chart.
Trade wisely best of Luck.
Ps Support with like and comments for better analysis Thanks for Supporting.
Bitcoin may test the resistance line after the current decline. If the price falls below 118,000, there is interim support, but further downside may be expected. 116K and 112K A break below 112,000 could open the door for deeper bearish momentum.
You May find more details in the chart.
Trade wisely best of Luck.
Ps Support with like and comments for better analysis Thanks for Supporting.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.