Bullish case for btc.
Worst case would be if we got rejection from .786 fib level but to be fair most likely that case will not happen.
Main bottom would be around 40k - 37.8k
My main target was for bottom around 39.5k - 37.8k but we got bounce from 40k.
If this is bottom we need to break 48.9k to be bullish with main target 80k
Invalidation for this case would be 32000$.
Bearish Scenario you can find in link below :
Neutral Chart with support and resistance level you can find in link below :
Worst case would be if we got rejection from .786 fib level but to be fair most likely that case will not happen.
Main bottom would be around 40k - 37.8k
My main target was for bottom around 39.5k - 37.8k but we got bounce from 40k.
If this is bottom we need to break 48.9k to be bullish with main target 80k
Invalidation for this case would be 32000$.
Bearish Scenario you can find in link below :
Neutral Chart with support and resistance level you can find in link below :
