Bitcoin , after decreasing and passing 4.236fibo, should consolidate and we should see a rebound to the level of about 52k - green box. However, from this zone we have to take into account a rebound and a re-test of the zone around 48k-48500 $.
It is also very important to open the weekly candle to green and an impulse on the upward market, then we can count on a continuation of gains. A drop below the opening of the current weekly candle will indicate a continuation of declines, but it is a less realistic scenario.
So we expect BTC to come back above 50k.
It is also very important to open the weekly candle to green and an impulse on the upward market, then we can count on a continuation of gains. A drop below the opening of the current weekly candle will indicate a continuation of declines, but it is a less realistic scenario.
So we expect BTC to come back above 50k.
