According to Fib Retracement we observed Bitcoin to face resistance around 50 fib area (44-45K) and correcting slightly. The most strongest resistance is now around 61.8 Fib (Golden Pocket) around 48-48.5K. We must break the 61.8 fib retracement to continue the bull run. As of now the minor correction is a little bit concern. I will only invest if we cross the 48.5K in daily/weekly candle.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel free to share your own opinions/comments. Also hit like and follow me for future updates!
Best,
Adit Doza, PhD
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel free to share your own opinions/comments. Also hit like and follow me for future updates!
Best,
Adit Doza, PhD
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