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Bitcoin trades to the lowest level since March 17

The price of bitcoin has moved to a new low for the day, week, and month and traded at the lowest level since March 17. Looking at the 4-hour chart, the price this week also fell below a neckline of a head and shoulder formation. On the downside, the 38.2% retracement of the move up from the November 22 low would target $25,071. Ahead of that would be swing highs going back to February around the $25,270 level. Move below the 38.2% and the door opens for more selling momentum. Moving back above... Read More

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Content Topics

Bitcoin

Trades

Lowest

Level

Since

March

Forex

Posted: May 12 2023, 19:54

Author Name: forexlive

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