drawn since beginning of year. Fibonacci resistance level
hit and skyrocketed off - short term 61.8% line was hit and price rocketed up. Overall, the bottom trendline
is far from hit, and the market can still correct. Currently, BTCUSD
is in a consolidation after a crazy down followed by an up that seems to fast to be true. We should watch for consolidation, and a response to high prices. Current down trend still intact, and if resistance is enough, should stay that way. Current price to watch - $4150. If price breaks upward, expect bull market. If price resumes, we can expect the same level or lower, and even fall to bottom of channel. *None of this takes into account NEWS, this is only trend analysis.