Bitcoin is testing a critical technical juncture. A rejection at the 0.236 Fibonacci retracement resistance is likely to catalyze a significant corrective move. The primary downside target for such a bearish reversal is the key 0.618 Fibonacci support level. A break below this support would signal a deeper retracement of the prior trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.