BitcoinLong
BTC Pullback to $43.1k Before Continuing Upwards
BTC produced a clear double top on the 4h chart while trying to break the strong resistance of 46.3k. Its been on a slightly reluctant downtrend since.
A strong support where it may bounce is located at 43.1k, which is also the .618 Fibonacci level.
One the 1D chart, you can see that BTC is still showing a nice bear flag pattern, with healthy pullbacks happening along the way.
I believe BTC will have its 43.1k pullback then proceed upwards once again.
A strong support where it may bounce is located at 43.1k, which is also the .618 Fibonacci level.
One the 1D chart, you can see that BTC is still showing a nice bear flag pattern, with healthy pullbacks happening along the way.
I believe BTC will have its 43.1k pullback then proceed upwards once again.
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