The bitcoin course attempted a new growth above the resistance in $ 24,200. BTC even rose above the resistance zone $ 24 500 and a 100-hour simple moving average. But in the end, rolled back
There was no continuation of growth above $ 24,500. The maximum was formed around $ 24 602, and the course again decreased. There was a sharp drop below $ 24,000, and the course re-tested the support area $ 23,600. The minimum is formed around $ 23 615, and now the BTC course is consolidated.
The bitcoin course is below $ 24,500 and a 100-hour simple moving average. On the watch chart of the BTC / USD pair, a new bear trend line is also formed with resistance around $ 24 120.
The nearest resistance is near the trend line zone and $ 24 100. It is close to the 50 percent Fibonacci correction level of the recent decline with a maximum of fluctuation in $ 24 602 to a minimum of $ 23 615. The first serious resistance is still near the $ 24 500 and 100-hour simple moving average zone .
The next serious resistance can be $ 24,840 or the Fibonacci expansion level of 1,236 of the recent decline with a maximum of $ 24,602 to a minimum of $ 23,615. A clear movement above the resistance in $ 24,840 can direct the course to the key resistance zone in $ 25,000.
Closing above resistance in $ 25,000 can set the pace for decent growth. In this case, bitcoin may rise to $ 26,200.
If the bitcoin course cannot overcome the resistance in $ 24,500, it can continue to move down. Direct support on the demotion is located near the $ 23,600 zone.
The next major support is near the $ 23,500 zone. If a breakthrough occurs down, the course may drop to $ 22,000. The next major support is around the level of $ 21,500.
