Analysis of the BTC/USD cryptocurrency pair as of January 24, 2018

Analysis of the BTC/USD cryptocurrency pair as of January 24, 2018

The fall continues. The bottom is still difficult to determine

BTC/USD

Yesterday, January 23, there was an attempt to recover to eleven thousand, but the price of Bitcoin was unable to consolidate above the 78.6% fibonacci level (10,992.00 USD) and continued to decline, the goal of which is to update minimum of 2018 (9,222.00 USD). At the moment, it is still difficult to determine the final minimum at which the reversal will occur, but we can assume the area in which the price will try to consolidate today. I believe this is the level of 8800.00 USD


Fil Fox
Author: Fil Fox
38
Category: Analytics

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