YongTung | BITCOIN long-term VIEW

16 gru 2022

Hello my friends, today I want to talk to you about BTCUSD,

I made a few conclusions about Bitcoin.



Currently the price tested resistance line $17815.66 (fibonacci 0.786 level) and failed.

The price bounced up weak and it is heading strong resistance.

I expect that price can make small correction to local high and resistance level $17815.66 (fibonacci 0.786 level) and then start to fall down.

And I think that Bitcoin can fall below the support line $15527.26 (fibonacci 1.27 level) and continue to fall.

Then, I think price can break support line and go lower.

I set up my first target at support zone and local low $15527.26 level (fibonacci 1.27 level).

Also, I think price can break support level and continue move down until a strong support zone.

Then, I think fibonacci 0.886 is a strong support level



So, I set up second target at $11303.94 (fibonacci 0.886 level) and $10830.47 level (yellow line).

There're also some key points of Bitcoin



This is my opinion, I really hope it will be useful for you.

This is an article not financial advice, always do your own research.

And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.

Be prepared and save your money. Make big profits!