The BTC has lost the support of fibo 0.50 level and is rallying down toward 0.618 fibo level at around 27000. if it looses this support we have other support lines at around 19000 - 20000, then 17000 ( fibo level 0.786 ) and 12000-13000 which is on the lower red support line. As we see the stoch is in the oversold area so it is possible for the price to change direction. Let's see what will happen.
Comment:
As a rebound from oversold state in stochastic oscillator the price changed the direction. if it can overcome the resistance of 48-49 K zone ( 0.236 fibo level ) it may rise to the ATH of 65000 and then possibly up to 84 - 85 K.
