The price of BTC has reached a key 61% Fibonacci retracement level of the entire drop (photo 1). This is a resistance that won't be easily surpassed, so patience is needed as it may take months before breaking through. In photo two, we can see that it doesn't even close above it on the 1-hour chart.
Therefore, a possible drop is likely, at least down to 38k, and...
The price will go down in the short time until relying on fibonacci 61 of the rise of 2019 to bounce and climb to the ceiling of 2019 which is the fibonacci of the fall from historical highs ... once the next crossing objective is the maximum historical.
