The Fibonacci 461.8% of the first bullish wave was hit perfectly and we retraced. What I expect next?
A resistance (blue) was broken and BITCOIN is probably pullingback to retest it as support. After hitting there I do expect continuation to the upside. Next Fib level is 68k - 70k USD range. We also have a strong horizontal support here 58k USD - 59k USD.
Slightly chance of a further pullback to 54k - 55k USD range, but I believe the blue support will hold.
The best here is always HODL, as we are bullish and the new ATH is the most probable scenario.
Previous analysis:
Macro analysis:
A resistance (blue) was broken and BITCOIN is probably pullingback to retest it as support. After hitting there I do expect continuation to the upside. Next Fib level is 68k - 70k USD range. We also have a strong horizontal support here 58k USD - 59k USD.
Slightly chance of a further pullback to 54k - 55k USD range, but I believe the blue support will hold.
The best here is always HODL, as we are bullish and the new ATH is the most probable scenario.
Previous analysis:
Macro analysis:
