Hello, dear subscribers!
Today we receive a new evidences for the future BTC price growth.
Let's take a look on the Fibonacci retracement level, which is based on last 5 days price swings. We can notice that the price fluctuates strictly between the R1 and R2 CPR levels. The 61% Fib retracement is very impoptant level because it is a strong support and resistance for this period. White arrows demonstrate the points where the price could not break this level.
Yesterday the price broke through this level and it seems that found support here. Now we should wait for the confirmation. If it happens we can see the price growth to the 1.68 Fib level and to the R3 CRP level.
Another one significant confirmation of bullish bias that the price returned back to the ascending trend channel. The break down was fake and we did not see the rejection.
Today we receive a new evidences for the future BTC price growth.
Let's take a look on the Fibonacci retracement level, which is based on last 5 days price swings. We can notice that the price fluctuates strictly between the R1 and R2 CPR levels. The 61% Fib retracement is very impoptant level because it is a strong support and resistance for this period. White arrows demonstrate the points where the price could not break this level.
Yesterday the price broke through this level and it seems that found support here. Now we should wait for the confirmation. If it happens we can see the price growth to the 1.68 Fib level and to the R3 CRP level.
Another one significant confirmation of bullish bias that the price returned back to the ascending trend channel. The break down was fake and we did not see the rejection.
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