Look at the fib levels and bitcoin is playing out exactly as it did in may. There aren't any bearish indicators that are popping out at the monment but, the only way to invalidate this pattern at this time would be a CLEAR break above $48,500. I can't see that happening but you never know. If the next breakdown is similar to May then we can expect the 32-33.5k range.
Thank you for viewing my post.
Not financial advice.
Thank you for viewing my post.
Not financial advice.
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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.