Wow! We have great long term fib channel with valid encounters for BTC in daily timeframe. We can see three support areas and two resistance areas; First support area is in 46,000 - 47,500$ First resistance area is in 53,000 - 54,500$. BTC have possible modes; Bearish mode is blue line or black line path. Bullish mode is orange line path. We have one target in all possible modes and Target is 80,000$.
MACD will going to rise and in RSI we have a black down trendline.