#Bitcoin next target is 49.2k

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Today BTC retested the 50W SMA successfully and bounced off it.

BTC next target is 49.2k from here at the 0.702 FIB level. This is a very difficult target to overtake. Expect a rejection from first attempt.

If BTC loses the 0.236 FIB level at 46.8k the move upwards gets invalidated, as it would be breaching the 200D SMA.

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