Long term 38% Fibonacci level capping the rally

End of Day Analysis: Bitcoin has stalled at the 38% retracement of the 2022 highs to lows. The 16% extension of the last move lower comes in at 28881 which capped the rally today. We'd expect a move back to the 25K level as the RSI is very divergent.
Beyond Technical AnalysisBitcoin (Cryptocurrency)Trend Analysis

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