In addition according to cryptoglobo.com, the Fibonacci retracement level of 38.2% of the last wave from the minimum of $ 7,828 to $ 9,080 is $ 8,602. Therefore, there are many supports along the way up to $ 8,600. In addition, the previous resistance at $ 8,500 may perhaps act as strong support.
BTC/USD Daily Forecast - 23 April
The BTC price proved the 23.6% retracement level of the last wave, from the minimum of $ 7,828 to the maximum of $ 9,080. However, the downward movement seems to be limited by the $ 8,700 level. A rising uptrend line with support at $ 8,650 is also forming on the 4-hour chart of the BTC / USD pair.
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