TA: Why Bitcoin Price Could Eye Strong Recovery Above $41.5K – NewsBTC

There was a move above the 23.6% Fib retracement level of the main drop from the $43,415 swing high from the $39,240 low.

The 50% Fib retracement level of the main drop from the $43,415 swing high from the $39,240 low is also near the $41,350 zone.

In the stated case, the price may perhaps rise towards the $41,800 resistance zone.

If bitcoin fails to clear the $41,500 resistance zone, it could start another decline.

In the stated case, the price could decline towards the $40,000 level or even $39,250.

He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.

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