Green lines- Fibonacci retracement levels After the FTX scandal and the sell off towards $15,500, Bitcoin has found some balance and is mostly moving sideways. The bulls are absent and there is not enough strength or a catalyst until now to bring bulls back in the game. Bitcoin remains vulnerable to another break down. Bitcoin is unable to bounce even higher than the 23.6% retracement level. Price is trading sideways for two weeks now creating a trading range between $15,500 and $16,900. Traders need to remain patient.
Relevance up to 17:00 2022-11-26 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
