BitcoinLargo
BTC/USDT ~ Weekly Overview
The past week for Bitcoin was a challenging one as the price level broke below the crucial level of 30K. Since then, the world’s largest cryptocurrency is struggling between the range of $29,000 to $30,000.
On the Fibonacci retracement table, BTC is facing a strong resistance zone above the 0.382FIB level. The support zone lies around the price level of $29,000.
Considering technical indicators, the RSI level is showcasing positive nature while residing at 59.55.
Overall, the resistance level can be placed at 30K and 32K, respectively. On the other hand, the support level can be placed at
29K and 27K.
On the Fibonacci retracement table, BTC is facing a strong resistance zone above the 0.382FIB level. The support zone lies around the price level of $29,000.
Considering technical indicators, the RSI level is showcasing positive nature while residing at 59.55.
Overall, the resistance level can be placed at 30K and 32K, respectively. On the other hand, the support level can be placed at
29K and 27K. 
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