Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

$BTC - Analysis



If you're asking where Bitcoin's support level is, well it's currently at it.

We should stay around this area for a while, either to see a reversal, or a lower low. Because this is where the 1.618 fib. ratio target area is, a well-known ratio for determining price target, which also aligns with a bullish OB & FVG created back in May.

This low liquidity environment is because of everything going on in the US, a major sentiment driver for Bitcoin.

The US government just reopened after a 43-day shutdown, the longest in history, which delayed crucial economic data and created uncertainty around the December rate cut.

Let's hope things get better from here.
BTC-5.97%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)