Just monitoring fib levels and value ranges, I can see a scenario like this playing out. I am still looking for a move to the upside on higher timeframes but not before a little more retracement. Also watching the US Dollar Index (DXY) which is demonstrating some weakness after tackling a 20 year resistance level on it's seemingly long term death spiral. More weakness for DXY could give BTC the boost it needs to escape this range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.