BTC can test $86k

BTC could test the $86,450 level. If BTC breaks below $92,000 and close a four hour candle, we may see a test of the $86,450 support line based on the Fibonacci retracement. This scenario is likely in the mid-term, so it’s important to monitor the weekly chart. In a couple of weeks, we can reassess the conditions. The market remains bullish, suggesting that consolidation might end after Christmas.
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