2 months ago 1 min read

19:00 GMT+8 - Bitcoin Daily Update

It appears like bitcoin divergence is moving slowly

When the 25k level is reached, I anticipate a retest and brief bounce before the market continues to drop to our lower support level around 24340-24232, then another retest, followed by a rejection, and finally, we will see a break out below 24232 down to our fair value gap around 23753.5, 23176.4, and 22580.7, after which the market will bounce back up to 28k and possibly test this key level resistance again.

A diagram of the above statement

A quick summary of the said prices:

Support level: 24340-24232

Lower fair value gap targets are:



What is fair value gap? The term "Fair Value Gaps" is most frequently used by price action traders, and it refers to instances of market imbalances or inefficiencies.

Disclaimer: The author's personal view may be included in the information, which is subject to market conditions. Before making a cryptocurrency investment, do some market research. Your individual financial loss is not the responsibility of the author or the publisher.

Garrett Wyatt
Garrett Wyatt
Garrett enjoys trading and has a strong aptitude for analyzing financial markets. His passion in economics and finance has him interested in the marketplace structures of cryptocurrencies.
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