Technical analysis of BTC/USD 05/10/2022

Bitcoin fell to the key support zone of 30,000, having renewed a low at 29,700 and is currently trading in the 31,500 area.

If the price fixes below 30,000, this will mean a transition to a downtrend with the target at 20,000 area.

The nearest resistance is level of 34,000 (23.6% Fibo).


Created by Joshua Hayn

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