3 min readBITCOIN (BTC/USD):
After breaking into new all-time highs (ATHs) last week and surpassing the much-anticipated psychological level of $100,000.00, we are now observing a slight rejection at this price point.
A closer examination of the technicals reveals that price action appears overextended on the RSI indicator. If we experience short-term downside momentum, I will closely monitor how price action interacts with the 50% Fibonacci level. This area aligns with previous resistance zones that have yet to be retested.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
