A bit of Gann/Fib TA on BTC.
Let me start off with confirming that BTC is still in a bullish trend.
However, BTC broke 1/2 Gann angle and will test the 1/1 level. IF it holds, BTC will resume it's growth and possibly reach 5k USD level by mid october. IF it breaks the 1/1 level, it will test the 2/1 level around 3000 USD to 3500 USD in the coming weeks. That level needs to hold or we will see a bearish reversal which might kick the price down to 2700-2900 USD.
Please take everything with a grain of salt, do your own research and don't make trades based on this analysis, as this is highly speculative gann trading which works almost perfect in forex but not as much in a less liquid market like crypto.
I will keep this post updated as prices move.
Happy trading.
Comment:
BTC broke support. New support at 3400.