Bitcoin is testing thenfibonacci 50 retracement
Bitcoin is currently testing the fibonacci 50 retracement. Before it tried below this level 2 times, but it was not permanent. Now there are 2 scenarios.
The 1st could break this level down and continue the journey towards the next permanent fibonacci 61.8 retracement level, 27111.
Scenario 2: If the price stays above this level, move towards the upper fibonacci resistance 41500.
The 1st could break this level down and continue the journey towards the next permanent fibonacci 61.8 retracement level, 27111.
Scenario 2: If the price stays above this level, move towards the upper fibonacci resistance 41500.
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