Technical analysis of BTC/USD 01/07/2022

Bitcoin on the (1D) chart has broken through the support level of 44,000 (61.8% Fib) and is currently trading in the area of 41,000.

The next support level is the 40,000 area (July 2021 low). If quotes consolidate below 40,000, this will mean a possible continuation of the decline to the area of 30,000 (2021 minimum).

The nearest resistance is the area of the level 48,000 (MA200).


Created by Joshua Hayn

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