Although BTCUSDT has formed a resistance at FIB 0, the trending channel seems to be bullish further, liquidating shorts at $50,450.
Daily chart shows BTC is creating support over the MA200 Line, resulting in a Golden cross within the next few days.
Breakout over $50,450 could drive the price up towards 1.68 Fib Level ($63,615).
However, I expect a short term drop as a result of Shorts Liquidation at $50,450 | 0 FiB retracement, towards $46,150, testing the MA200.
Daily chart shows BTC is creating support over the MA200 Line, resulting in a Golden cross within the next few days.
Breakout over $50,450 could drive the price up towards 1.68 Fib Level ($63,615).
However, I expect a short term drop as a result of Shorts Liquidation at $50,450 | 0 FiB retracement, towards $46,150, testing the MA200.
Trade active:
Shorts liquidated at $ 50,450, heading to higher zones.
Trade active:
Shorts liquidated, price should build up from here
