It tested 38.20% Fibonacci retracement 4 times, I reckon bitcoin has the potential to make a new high above the upper channel line. The final target will be $33k (This calculation based on the first $19k rally)
If it rejecting the upper channel line, I reckon bitcoin will fall to $3k - $0.
Buying the breakout or selling the rejection.
If it rejecting the upper channel line, I reckon bitcoin will fall to $3k - $0.
Buying the breakout or selling the rejection.
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Disclaimer
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.