handyrams8

Local high is confirmed. I'm expecting a soul crushing drop off

Short
INDEX:BTCUSD   Bitcoin
Local high is confirmed.
I'm expecting a soul crushing drop off to 31.7k.
This level is based on the Fibonacci recent daily local high and the 38k low.
Interestingly enough, 31.7k is perfectly confluent with the 31k top of 2023.
Go ahead and leave your comments about how bitcoin is going up forever because of institutional buying yada yada...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.