BitcoinUpdated Will it hold?
The current area around 28k for BTC is a strong halt before the next move. I still believe we are going towards 42k$ at least., in the meantime, we need to calm down and reaccumulate before the next move.
Fib key 0.618 level taken between the previous cycle low and the next cycle high is a strong area. During the last cycle, we retest it upon the reclaim and we climbed immediately higher.
The question is, will it hold this time?
BTC is a strong halt before the next move. I still believe we are going towards 42k$ at least., in the meantime, we need to calm down and reaccumulate before the next move. Fib key 0.618 level taken between the previous cycle low and the next cycle high is a strong area. During the last cycle, we retest it upon the reclaim and we climbed immediately higher.
The question is, will it hold this time?
Note
To followup with the bigger picture:
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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.