BTC to test 618 and have a healthy retrace
Bullish while it holds the trend, but will it continue its run of strength?
After a strong recovery, BTC is approaching the 618 retracement level. BTC D is at a low level and would need a good dump to flush out some of the alts and recover its dominance for strength to push again.
I can see BTC getting a strong rejection off this level and dropping in a similar fashion (26ish %) back in February. Which fits pretty nice in the Fib levels.
Declining Volume approaching this level also points to a retrace.
After a strong recovery, BTC is approaching the 618 retracement level. BTC D is at a low level and would need a good dump to flush out some of the alts and recover its dominance for strength to push again.
I can see BTC getting a strong rejection off this level and dropping in a similar fashion (26ish %) back in February. Which fits pretty nice in the Fib levels.
Declining Volume approaching this level also points to a retrace.
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