Since end 10-2021 btcusd had a straight surge by almost 50% within a bullish mid term trend channel. Retracements were only minor, if any. But trading volume got lower on the way, bulls lost some power. For a healthy further upside, price should retest the last important levels to confirm the upside trend. It already went as low as 54.5k.
BTC already tested the .786 fib level of the range it traded in for the last 7 days, which is placed together with the .768 retracement level of the last major correction from Apr-Jul 2021. A retest of the .236 fib level (at least) of the current mid term upward trend should be on the roadmap, too. Hence, prepare to get as low as 53.6k in the next hours and days.
If supports hold, next price level to look for is around 64.4k.
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Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Never put your heart and your money in the same place.
You could end up with your balance getting f***** while you're doing the hard work.
BTC already tested the .786 fib level of the range it traded in for the last 7 days, which is placed together with the .768 retracement level of the last major correction from Apr-Jul 2021. A retest of the .236 fib level (at least) of the current mid term upward trend should be on the roadmap, too. Hence, prepare to get as low as 53.6k in the next hours and days.
If supports hold, next price level to look for is around 64.4k.
_____
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Never put your heart and your money in the same place.
You could end up with your balance getting f***** while you're doing the hard work.