Confluences:
-Daily fibonacci 61.8 level, which overlaps with the 40,000 psychological level and previous high before the correction
-Third bounce of the trend line, validating it.
Now price is retesting the 50k level and will probably get rejected, I will enter a long position and hold it till Bitcoin hits 70k or it shows signs of reversals.
What do you guys think?
-Daily fibonacci 61.8 level, which overlaps with the 40,000 psychological level and previous high before the correction
-Third bounce of the trend line, validating it.
Now price is retesting the 50k level and will probably get rejected, I will enter a long position and hold it till Bitcoin hits 70k or it shows signs of reversals.
What do you guys think?