Theres a possibility that if Bitcoin can take out the top of the parallel channel as well as the 38.2 Fib level which makes almost an "X marks the spot" position, then a move towards the 61.8 fib is the next area of interest to look at.
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Disclaimer
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.