Bitcoin cryptocurrency be expected to fall further to the next support level 65465.00 (which stopped the previous minor correction b at the start of March).
- Bitcoin recently from resistance area
- Likely to fall to support level 65465.00
Bitcoin cryptocurrency recently reversed from the resistance area between the strong resistance level 73750.00 (top of wave a from the start of March), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from the start of January. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star (highlighted on the daily Bitcoin chart below) – which stopped wave c of the previous minor ABC correction ii from the start of February.
Given the strong long-term downtrend that can be seen on the daily Bitcoin charts, Bitcoin cryptocurrency be expected to fall further to the next support level 65465.00 (which stopped the previous minor correction b at the start of March).
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