BTC on 0.50% of Fibonacci retracement and will fall again ?

2 Mar 2021

BTC started to fall and create hard bearish candle in next few days but from 42750$ once again the price get support and again bullish movements are pumping price higher and higher but as high as all time high 58k?

i think for now at least the answer is no .

and market need to drop or at least receive some Range here and then start to continue pumping and targets like
60K
85K
may reach after this range

Red path :
is what we talked about and falling price from 0.5% of Fibonacci
Orange path:
Falling price from 0.5% of Fibonacci
Green path:
if just if 0.61% break and retest complete then we would expect once again 58K

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previous analysis linked below ...