BTC to go back to ~70k?
If the 0.786 (46k) Fibonacci level holds as a support, BTC may draws a W pattern (double bottom), which could create a reversal pattern. After a retest of the neckline of that W, BTC could continue its uptrend all the way back to 70k.
We can also see a retest of the daily RSI trend line (see drawings).
If the 0.786 level doesn't hold, BTC may drop to 30k in the next months.
We can also see a retest of the daily RSI trend line (see drawings).
If the 0.786 level doesn't hold, BTC may drop to 30k in the next months.
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