Bitcoin is looking bullish, Really! The golden cross has happened the last week and everyone is very bullish on Bitcoin.
0.786 Fib level work as a resistance which is now $5822 and an uptrend pitchfork is found which is more likely to break downwards.
If this level is broken, the bullish momentum will drive the price to 6200.
Wait for a breakout either side before opening a position.
$6000 is heavy selling zone and maybe Bitcoin will fall hard from these zones the main support is now $3800-$4000.
0.786 Fib level work as a resistance which is now $5822 and an uptrend pitchfork is found which is more likely to break downwards.
If this level is broken, the bullish momentum will drive the price to 6200.
Wait for a breakout either side before opening a position.
$6000 is heavy selling zone and maybe Bitcoin will fall hard from these zones the main support is now $3800-$4000.
Comment:
touched the 0.786 fib level and a quick pullback from there let's see where it stops