From a technical point of view, The Bitcoin is about to face a potential reversal zone which coincides with 61.8% Fibonacci level. The harmonic pattern also confirms that.
Once hit the point D, the retracement could occur towards 9896.61 (38.2% Fibonacci level).
If the market breaks the reversal zone, then it's a failing harmonic pattern, the next target of Bitcoin will surely be 17 076 which is 78.6% Fibonacci level.
Once hit the point D, the retracement could occur towards 9896.61 (38.2% Fibonacci level).
If the market breaks the reversal zone, then it's a failing harmonic pattern, the next target of Bitcoin will surely be 17 076 which is 78.6% Fibonacci level.
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Related publications
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.