Technical analysis of BTC/USD 02/09/2024

Bitcoin is developing an upward movement.

The price has corrected to the support area of 39,000 (38.2% Fibo) and is currently consolidating at around 46,000.

If the price consolidates above the 49,000 area, then technically this will mean the transition of an upward correction into an uptrend with the nearest target in the area of the absolute maximum of 68,000.

The nearest support is the 40,000 level area.


Created by Joshua Hayn

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