Bitcoin cryptocurrency cab be expected to rise to the next resistance level 85000.00 (former strong support from December).
- Brent crude oil reversed from support area
- Likely to rise to resistance level 85000.00
Bitcoin cryptocurrency recently reversed from the support area between the support level 75000.00 (former resistance from March which stopped previous wave (A), as can be seen from the daily Bitcoin crude oil chart) and the 38.2% Fibonacci correction of the upward impulse from the end of last month. The upward reversal from this support area continues the active intermediate impulse wave (C) from the end of March. The price is currently approaching the round resistance level 80000.00 (former multi-month low from November).
Given the strength of the active impulse wave (C), Bitcoin cryptocurrency cab be expected to rise to the next resistance level 85000.00 (former strong support from December).
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