Long term fib extension has us currently at the 0.618 $54,132. In my opinion we can see a market maker force pulling price down which could be a sign of the market finding support. 31k would be THE support to hold or a more painful pullback to 18k would be on the menu
once the market finds support, even at this 54K, i dont think bitcion will struggle with 117k 0.786 fib--instead i would look for a hit the 314k for a top.
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.