The price at the time of writing is $56482 and below the rising 200 day moving average of $58495. A double top pattern has been formed after price rejection at the 73000 level. This price formation suggests that further price deterioration is on the cards.
Based on the entire price range traded since November 2022, the following Fibonacci retracement levels from the top will now come into focus:
Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.
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