Price is following the Fibonacci retracement perfectly and we should see a bounce once the 50% zone is breached. If price breaches the 61.8% zone, then price will probably continue down, however now that $100k is in sight, I feel the big investors will push back once they have squeezed the last of the sellers out.
Bitcoin to $100k
Bitcoin to $100k
註釋
Price is still on Target and has simply tested the Ascending Trendline. We could see a short pull-back and Test the EMA (Orange) before once again heading higher to test the trendline once again. A break above this level clears the way for a push higher. A close below the EMA indicates the price may be pushed lower.
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