Bitcoin Fib Levels and Prediction

Short

BTCUSDT Perpetual Contract (BYBIT:BTCUSDT.P)

Updated

BYBIT:BTCUSDT.P BTCUSDT Perpetual Contract

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📰 Bitcoin played out like we expected, heading up to point (A). It did pump more than we thought it would though. Now it has retraced back down to a
settling level we like.

📉 From here we feel a drop back down to the golden pocket is more likely, than a pop back up to near 25k.

📥 We have entered a SHORT at $24,630 BTC

Comment:

Fib Level Update. BTC did hit 25k before hitting the Golden Pocket like we thought. But we still did get a $850 drop vs. the $600 rise.

BTC has returned back to the Original level of this post. It does seem it could see more upside, but we currently are nuetral.

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