Bitcoin has rallied from a low of $32k on24 Jan '22 to a high of $45k on 04 Feb '22. Bitcoin hit resistance at around $45K sent it back down to a recent low of $39k which is a higher low compared to the low of the day on 04 Feb '22. Bitcoin is currently sitting at a discount level of 50% on the Fibonacci retracement. Bitcoin price can still dip to $37k which is 0.618 0n the Fibonacci retracement. However, if Bitcoin rallies from here my profit target for the next bull run will be around $51k.
