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What is the near future of Bitcoin?

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Mario Carotenuto
@trade60
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On the 4H chart we have a sell signal that would project us into the area of $ 54270 Fibonacci 0.382 retracement. The stochastic would seem to confirm this. Let's see the daily chart:

A swing high $ 58550 has formed which has been broken to the downside and now represents the new resistance we need to break through to get into the $ 60,000 area. Reason why I would take advantage of some rebounds to sell and buy back at lower prices. Even though it can be dangerous.

Charts from tradingview.com

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

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