-We have two potential Bullish scenarios for Bitcoin today -First is to hold the current level and bounce up to 51k-53k dollars -Because we can see two rejection at 44k dollars support area -This zone is a confluence of previous resistance and 0.5 Fib level -That is a good reason for price reaction on the 2nd retest -The second scenario is a mid correction down to the 50D MA support -With conjunction of the golden Fib 0.618 which can act as a strong buy signal -But if the second analysis will play out, expect the over-all market to follow BTC -So please be prepared for both scenarios as we are in a correction phase
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