BTC still struggling to find support...
BTC has respected the 1.618 fibonacci trend extension on our daily charts and has turned lower as it consolidates. We can see that price is currently at our 0.786 support level.
On the lower TF, we can see BTC is struggling to hold this line and looks like it's heading for our next fibonacci support level as shown on the lower TF chart below.
On the lower TF, we can see BTC is struggling to hold this line and looks like it's heading for our next fibonacci support level as shown on the lower TF chart below.