Have charted the bull market top to bear market bottom over last 2 cycles and by looking at Fibonacci extensions levels we just failed to reach FWB:73K level in 2021 which is the 4.236 ext. Fast forward to March 2024 and FWB:73K has proved to be a strong resistance level... A correction now down to $50-55k would be healthy and provide the fuel to reach the...
We have a confluence of 3 supports that were hit overnight - horizontal support , diagonal support from All time high - looks like a clean retest - and 200 day EMA If it doesn't bounce from here - I may consider selling all my crypto ! $42k must hold to continue the bull run
As you can see from the chart we have two more resistances close by to break and close above on the higher timeframes - if we break above 2nd resistance - ATH coming within next week....
If Bitcoin can hold this trendline after one more test - I'm long to $74k !