BTC/USD Bullish scenario
Bitcoin has flawlessly broken past its previous all-time high and is now showing some red candles on the 4 hourly charts.
If I draw out Fibonacci retracement we can see price may be heading for the .382 ratio or the golden ratio. If price finds strong support on these levels we are going to see price moving higher to the -0.618 ratio on the Fibonacci which would equal a price of 66000$. At this price level, we have a strong resistance (monthly resistance).
If I draw out Fibonacci retracement we can see price may be heading for the .382 ratio or the golden ratio. If price finds strong support on these levels we are going to see price moving higher to the -0.618 ratio on the Fibonacci which would equal a price of 66000$. At this price level, we have a strong resistance (monthly resistance).
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