BTCUSD short view 1W TF and Fibonacci levels
Bitcoin / US Dollar (calculated by TradingView) BINANCE:BTCUSD
38.2% Fibonacci level is a big obstacle to the price of Bitcoin .
An unsuccessful attempt to break above only intensified the bearish pressure on the price, which fell below the 23.6% Fibonacci level.
The bearish target is the previous low at the $ 32,930 level; here we expect potential next support.
If that zone doesn’t give us good support either, we move lower to the next lower minimum at $ 28,560 (-27.2% previous Fibonacci setting). The maximum price drop can be expected up to $ 23030 levels (-27.2 Fibonacci level).
