According to the trend line and previous Bitcoin movements, the price is likely to return to 54,000, and the presence of positive news in the market can also mean that the whales want to sell to others at a higher price for a profit and buy at a lower price.
So if it's not weird news to pump the market, the first target is the line and the price is 54,000.
And...
Time : 4hour
Indication : Fibonacci retracement
As the downtrend Fibonacci retracement as attached ,
There was very strong resistance at the 0.5 which is 35000, since within 5 days cannot break through. we can make sure recently 35000 was a big resistance.
Today the price drop to the 0.618 area around 32800 - 33500 . For Fibo 0.618, the price will struggle at...
-Yurlo
If we do see a retest id imagine we'd at least see a correction to $11,100 at the BARE minimum. Just wanted to share a quick post with an update.
