-Bitcoin found support at the previous resistance area around 16.5k-16.2k dollars -It also formed a double bottom retested the recent support twice -The price started moving higher and it is now challenging the 0.5 Fib resistance -This is crucial for BTC if the Bulls wants to continue higher and remain bullish -Bitcoin has to break above and hold the area of 0.5 Fib level -If it can maintain around 18k dollars for at least 1-3 days -We can increase the probability to retest the recent swing top at 19.5k dollars -We are only talking about probabilities in every price action we can see -Always plan your trade and follow proper risk management
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