This view combine Pivot points with Fibonacci extension and is showing that price has reached critical resistance3 (R3) which lies at 161,80% Fibo extension. Expecting correction which can represent possible wave 4. Still a strong bullish uptrend, but I would be carefull with short-term buy positions now.
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Nice drop to 3 600. I am expecting one more drop from 4 000 - 4 100.
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One month later Bitcoin has enter a potential new buy zone. Price is now testing previous high and 100 SMA. Waiting for buy signal.