Bitcoin rejected off of the $23671 (0.5 Fib) level and looking at the 4-hour chart i'm seeing a minor pullback down below $22k to $21980 in the re-entry zone marked out on my chart.
Take a look at how many consecutive trading period Bitcoin has been posting up green candles, people are going to take profits and don't be afraid either to try and catch a re-entry lower before we make new highs.
The bullish momentum is here don't get me wrong, we just accumulate more going up.
After the pullback i'm expecting Bitcoin to hit the next level of untapped resistance at the $235356 (0.618 Fib) level.
It doesn't look like we'll come back and touch $16000 or even retest ATH at the moment, although that isn't off the table. It looks pretty off the table though, its barely hanging on.
Anyways, the golden pocket between the top of the trendline & $12980 is the prime re-entry zone with the golden price being $21600.
This post doesn't take away from the price target I still have set at $30,000 , feel free to check out that read.
Cheers traders
kyer
Take a look at how many consecutive trading period Bitcoin has been posting up green candles, people are going to take profits and don't be afraid either to try and catch a re-entry lower before we make new highs.
The bullish momentum is here don't get me wrong, we just accumulate more going up.
After the pullback i'm expecting Bitcoin to hit the next level of untapped resistance at the $235356 (0.618 Fib) level.
It doesn't look like we'll come back and touch $16000 or even retest ATH at the moment, although that isn't off the table. It looks pretty off the table though, its barely hanging on.
Anyways, the golden pocket between the top of the trendline & $12980 is the prime re-entry zone with the golden price being $21600.
This post doesn't take away from the price target I still have set at $30,000 , feel free to check out that read.
Cheers traders
kyer
