The weekly bitcoin timeframe closed very hard. There is a chance to see the bitcoin price testing the 57600-59600 zone on the weekly chart. On the daily timeframe, the 55500-57500 zone is a strong resistance.
In this zone, the last correctional level 0.236 (56000) by Fibonacci from the correction of the bitcoin impulse from the top of 65000. In addition, if you pull the fibonacci grid on the first retracement impulse, which was from 21 to 31 July 2021. The price of bitcoin came to the 1.61 Fibonacci level, which is also a resistance zone. We will see very soon what will win the greed or fear of investors.
In this zone, the last correctional level 0.236 (56000) by Fibonacci from the correction of the bitcoin impulse from the top of 65000. In addition, if you pull the fibonacci grid on the first retracement impulse, which was from 21 to 31 July 2021. The price of bitcoin came to the 1.61 Fibonacci level, which is also a resistance zone. We will see very soon what will win the greed or fear of investors.