The price of BTC is now above the 0.618 Logarithmic Fibonacci Bearish Retracement level, now possible to start consolidation inside the golden pocket from 38978 = 0.618 to 40888 = 0.65 fibonacci level that is just a little above the Bimonthly Upper pressure Threshold as you can see in the next image :
Higher, the next point of interest could be though the 0.5 Fibonacci Bearish Retracement from the linear scale at 42735 where can price can find resistance too.
If BTC will get a rejection at the golden pocket, than support levels on fibs are on linear 0.382 = 36301 and on logarithmic fibs 0.5 from 32675.
Weekly price is also above the R1 Mean Reversion indicator 37734, on short term and 41361 is the next weekly Trading Range line of Resistance, with the next Major Reistance from Mean Reversion indicator at 51480.
We'll see soon if trend continue or consolidation starts or a retracement , but first lets see how this weekly candle close !
Higher, the next point of interest could be though the 0.5 Fibonacci Bearish Retracement from the linear scale at 42735 where can price can find resistance too.
If BTC will get a rejection at the golden pocket, than support levels on fibs are on linear 0.382 = 36301 and on logarithmic fibs 0.5 from 32675.
Weekly price is also above the R1 Mean Reversion indicator 37734, on short term and 41361 is the next weekly Trading Range line of Resistance, with the next Major Reistance from Mean Reversion indicator at 51480.
We'll see soon if trend continue or consolidation starts or a retracement , but first lets see how this weekly candle close !