Last weekend, the bulls tested the 50% Fibo level (42447.90) twice, but the volume of purchases failed to increase, therefore, it was not possible to break above this resistance.
On the first day of August, the bitcoin price marked a two-month high around 42615, and this morning the pair has pulled back below forty thousand.Around 39500, the decline has slowed down and buyers are trying to restore the price, but the volumes are still below average, so at the beginning of this week the decline may continue to the 38.2% Fibonacci level (37150.24).
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On the first day of August, the bitcoin price marked a two-month high around 42615, and this morning the pair has pulled back below forty thousand.Around 39500, the decline has slowed down and buyers are trying to restore the price, but the volumes are still below average, so at the beginning of this week the decline may continue to the 38.2% Fibonacci level (37150.24).
If you liked my idea, follow me for more.
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