The weekly chart is showing some tension right now. BITF got rejected at the Bull Market Support Band—not ideal, but here's the thing: it's still holding above the 0.618 log Fibonacci level sitting around $2.30. That's the key line.
If we lose that 0.618 support, things get interesting. The next target would be another touch of the horizontal support zone. Worth monitoring closely on the weekly timeframe.
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GateUser-cff9c776
· 8h ago
Playing Schrödinger's support level again at 0.618, this is the beauty of Web3.
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WenMoon
· 8h ago
Can this 2.3 level hold? Feels very uncertain.
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WealthCoffee
· 8h ago
Is this 2.30 line really unbreakable? It feels like BITF has been repeatedly testing it recently.
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MeaninglessGwei
· 8h ago
0.618 has crashed again. Is this really the end of the line this time?
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LiquidityWitch
· 8h ago
This 2.30 level really needs to be held; once it breaks, it will be troublesome.
BITF Weekly: Watching the Support Levels
The weekly chart is showing some tension right now. BITF got rejected at the Bull Market Support Band—not ideal, but here's the thing: it's still holding above the 0.618 log Fibonacci level sitting around $2.30. That's the key line.
If we lose that 0.618 support, things get interesting. The next target would be another touch of the horizontal support zone. Worth monitoring closely on the weekly timeframe.