Bitcoin is looking bullish, Really! The golden cross has happened the last week and everyone is very bullish on Bitcoin.
0.786 Fib level work as a resistance which is now $5822 and an uptrend pitchfork is found which is more likely to break downwards.
If this level is broken, the bullish momentum will drive the price to 6200.
Wait for a breakout either side before opening a position.
$6000 is heavy selling zone and maybe Bitcoin will fall hard from these zones the main support is now $3800-$4000.
0.786 Fib level work as a resistance which is now $5822 and an uptrend pitchfork is found which is more likely to break downwards.
If this level is broken, the bullish momentum will drive the price to 6200.
Wait for a breakout either side before opening a position.
$6000 is heavy selling zone and maybe Bitcoin will fall hard from these zones the main support is now $3800-$4000.
Note
touched the 0.786 fib level and a quick pullback from there let's see where it stops
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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.
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.