$47K Resistance Level

Discover the current credible support levels for Bitcoin at $43,500 and $40,900. Probable retests are expected, with a focus on the Fibonacci 0 line – a breach confirming the pattern. Anticipate a potential price rise based on reactions to these critical levels.

1/13/20241 min read

Bitcoin support levels analysis - $43,500 and $40,900, Fibonacci 0 line breach confirmation, and pot
Bitcoin support levels analysis - $43,500 and $40,900, Fibonacci 0 line breach confirmation, and pot

The most credible support levels for Bitcoin at present are around the $43,500 mark, followed by the $40,900 range. There is a high probability of these two support levels being retested. It should be noted that a breach of the Fibonacci 0 line would serve as a confirmation of this pattern. Following this, we can anticipate a rise in price, contingent on the reaction to these price levels.