Bitcoin Price rejected by daily channel's upper line, ( Orange Circle )
In the chart the strong support levels are visible orange rectangle about 44300 and 42700 and the price is going to test this levels / also this levels are equal to 0.382 and 0.50 Fibonacci retracement levels of previous uptrend so it makes these levels more stronger ,
but currently the price is going to test theme and it must get cheaper. because 44300 and 42700 are strong enough, the price will fluctuate between the and will make short term sideways - if price breaks above the 44300 next target will be about 49000 and if breaks bellow the 42700, it can get cheaper till about 39800.
In the chart the strong support levels are visible orange rectangle about 44300 and 42700 and the price is going to test this levels / also this levels are equal to 0.382 and 0.50 Fibonacci retracement levels of previous uptrend so it makes these levels more stronger ,
but currently the price is going to test theme and it must get cheaper. because 44300 and 42700 are strong enough, the price will fluctuate between the and will make short term sideways - if price breaks above the 44300 next target will be about 49000 and if breaks bellow the 42700, it can get cheaper till about 39800.
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BTC is correcting yet