BTCUSD is poised for a significant rebound after yesterday's pullback from $87,055. The current price of $80,474 represents a 50% Fibonacci correction level of the $52,600-$108,350 rise, providing a strong foundation for a bullish reversal.
Key points:
- The recent downturn has created a buying opportunity, with a potential target of $95,000.
- The $80,474 level serves as a crucial support, with a bounce expected to propel prices higher.
- The 50% Fibonacci correction level indicates a likely reversal, as the market seeks to retest recent highs.
- Bullish momentum is building, with a potential breakout above $87,055 paving the way for a rally to $95,000.
- Traders should be prepared to buy, as the current setup favors a significant upside move.
Best regards Travis ❤️
Key points:
- The recent downturn has created a buying opportunity, with a potential target of $95,000.
- The $80,474 level serves as a crucial support, with a bounce expected to propel prices higher.
- The 50% Fibonacci correction level indicates a likely reversal, as the market seeks to retest recent highs.
- Bullish momentum is building, with a potential breakout above $87,055 paving the way for a rally to $95,000.
- Traders should be prepared to buy, as the current setup favors a significant upside move.
Best regards Travis ❤️
Trade active
Trade close:Target reached💯💯
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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.