Technical analysis of BTC/USD 05/18/2022

Bitcoin broke through the key support zone of 30,000, fell to 25,300, after which it corrected to 31,400 (23.6% Fibo) is currently trading around 30,000.

If the price fixes above 31,400, technically it will mean a continuation of the upward correction to the level of 34,000 (38.2% Fibo).

If the price breaks through the support of 25,300, this will mean a continuation of the decline to the 20,000 area.

BTCUSDH4

Created by Joshua Hayn

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