Bitcoin (BTC) Price Analysis - After a period of hanging on to the $64000 support, Bitcoin has not only dropped through this, but is currently below the $63000 support. Will the 0.618 fibonacci level-Web3.0-php.cn

Bitcoin (BTC) Price Analysis - After a period of hanging on to the $64000 support, Bitcoin has not only dropped through this, but is currently below the $63000 support. Will the 0.618 fibonacci level

WBOY

Release： 2024-06-24 21:55:52

Original

396 people have browsed it

If there wasn't a lot of fear in the market over the previous week, the Fear and Greed Index is certainly swinging in that direction now.

Bitcoin (BTC) Price Analysis - After a period of hanging on to the 000 support, Bitcoin has not only dropped through this, but is currently below the 000 support. Will the 0.618 fibonacci level come to the rescue, or is there a further drop to come?

Bitcoin has dropped through the $64,000 support level and is now trading below $63,000. The Fear and Greed Index has also swung towards fear, which could be a sign of trouble for the bull market. However, the 0.618 fibonacci level is providing strong support and a bullish wedge pattern is forming on the 4-hourly time frame. If Bitcoin can hold above the 0.618 fibonacci on the weekly time frame, a bounce is likely.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-price-analysis-period-hanging-support-bitcoin-dropped-support-fibonacci-level-rescue-drop.html

The above is the detailed content of Bitcoin (BTC) Price Analysis - After a period of hanging on to the $64000 support, Bitcoin has not only dropped through this, but is currently below the $63000 support. Will the 0.618 fibonacci level. For more information, please follow other related articles on the PHP Chinese website!