78.6% Fibonacci - a Level to pay attention Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 6, 2023 10:39 AM

BTC 78.6% Fib level is strong and proved it in the last bull cycle. The 50k Area is strong resistance and could collapse the price back to 30k USD level, major strong support of the trend. RSI starts to get strongly overbought.

Comments

arvine11

⋅ Dec 6, 2023 5:03 PM

Great analysis! much appreciate