SeaFlagCrypto
@seaflagcrypto
As of September 5, 2024, Bitcoin is trading around $58k. Support Level: The nearest strong support level is around $55,000. If Bitcoin's price drops below this level, the next significant support is around $51,500, which aligns with the 38.2% Fibonacci retracement level of the uptrend from its 2022 low. Resistance Level: On the upside, Bitcoin faces strong resistance around $58,500. Breaking above this level could see Bitcoin testing the next resistance at approximately $60,000.
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