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( BTCUSD ) Bitcoin Weekly Support Levels
Support marked by Fib. retracement levels:
(4) $4494 (0.786 Fib. retracement level)
Support levels marked by Exponential Moving Averages:
(1) $6966 (EMA10)
(2) $5844 (EMA50)
(3) $5571 (EMA100)
(4) $4494 (EMA200)
Main support range for an expected bounce if action is to continue right away, anything lower and the bear action can extend: $6000 - $7100.
These are some of the main levels where Bitcoin ( BTCUSD ) can find support.
There are many different ways to find support levels, here we are sharing just a few... Resistance levels are also marked on the chart based on Fib. numbers from the last wave.
We hope you find this information useful and if you have any questions feel free to ask... It is my pleasure to reply.
Great job on those indicators.