This is a chart with three-month candlesticks, and we can clearly see retesting Bitcoin price from 2018. We set Fibonacci and now follow a pullback or a new bullish consolidation. We have crossed above the 23.6% and 38.2% Fibonacci levels and are on our way to the 50.0% level and the zone around $42,000. Bitcoin's growth is not likely to end here, and we will see a continuation to the 61.8% Fibonacci level, expecting to arrive in the $47500-$50000 zone. A break above this zone leads us to a price of new Bitcoin ATH.
Comment:
$42000
Comment:
$44500
Comment:
$47000
Trade closed: target reached:
$50000
