Bitcoin price is at that point of time where it still have to drop a little more as many people would most likely taken position to long BTC.
From what I see, BTC is still hovering at the 50% fib zone
I would be looking to go long once BTC breach this 50% level to the 61.8 or even the 70% fib level. That would more likely look like a huge liquidation candle.
That would be scenario 1, Another part would be looking at the momentum of the movement whether buyers/ seller are dominating. Overall outlook is bullish for BTC
From what I see, BTC is still hovering at the 50% fib zone
I would be looking to go long once BTC breach this 50% level to the 61.8 or even the 70% fib level. That would more likely look like a huge liquidation candle.
That would be scenario 1, Another part would be looking at the momentum of the movement whether buyers/ seller are dominating. Overall outlook is bullish for BTC