Ali: $33,000 form a significant line of defense that could potentially halt further BTC price declines
2024/01/24 08:11
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Bitcoin Price Watch: A close below $38,000 on the weekly chart could signal a downturn for $BTC, targeting the strong support cluster around $33,000. This key area combines several technical elements: the lower boundary of a parallel channel, the 0.5 Fibonacci retracement level, and the 50-week simple moving average. These factors together form a significant line of defense that could potentially halt further #
BTC price declines.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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