BTC Cant break through resistance. Big pull back

Bitcoin has failed to break out of the downward channel. Moreover has already dipped below support between both macro and micro key fibonnaci retracements.

Next major resistance around 24k.

Personally im leaning on heading back to 20k to fill the CME BTC futures gap as part of this whole retracement before rocketing back up. Get your buy orders in now.

I think this will be a fast rebound once we dip

Komentar:

I appears we dropped below the 0.618 fib line on the descending channel bounced up to attempt to break through that support-turned-resistance and got rejected.
This graph still holding strong!

Komentar:

BTC tried again to push through the .236 band but got rejected. Down we go! 24k incoming and then possibly 20-21k to fill the CME gap.