Bitcoin Price Analysis: BTC gets rejected near $39,000, correction to $32,000 likely
On Friday, the BTC / USD exchange rate reached nearly $ 39,000 in two months.
Modern models show that soft tissue is out of control.
The second security plan is close to $ 32,000.
Bitcoin traded in the US market later this year, reaching a two-week high of 39,000. However, the BTC / US pair was not blocked, so it closed with $ 34,270. The bitcoin is still colorful. Red on Saturday and down 1.1%, recently at ، 33,870.
Sponsor - 32,000
On Friday, the BTC / USD rose on January 14, as can be seen in the 4-hour chart. RIS) over 70 indicates that it did not buy resistance
It seems that the decline of bitcoin in 200 hours of SMS is 33,800. Below this level the next increase in guidelines 32,000 can be seen on its guidelines.
In addition, a three-week high in January helped Fibonacci recover 23 23.6 to 32 32,000. If the bitcoin is above this level for a while, it will probably come back. Initially, the initial resistance was 37,000 (61.8% Fibonacci retracement) and $ 39,000 (January 29 high) and, 35,500 (50% Fibonacci retracement).
Public support was not forthcoming from Friday's meeting and the BTC / dollar fell. However, the explosion indicates that the bitcoin is trying to move north. As long as 32,000,000 remain, it will increase. On the other hand, less than 32,000,000 could lead to a change in strategy.
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