BTCUSD - It's time for a retracement
It's time for a retracement
Bitcoin needs to seek liquidity, and the first point to do so will be the 50% level of the Fibonacci shown on the screen (30.450). Then, in a rapid bullish move, it will seek liquidity on the upper part of the chart, near 39,000. Finally, it should once again search for liquidity on the lower side, which should be close to the 23% (27.700) level of the Fibonacci or perhaps even lower.
After the price reaches the 23% Fibonacci level, it could be expected that Bitcoin may aim to ATH
Bitcoin needs to seek liquidity, and the first point to do so will be the 50% level of the Fibonacci shown on the screen (30.450). Then, in a rapid bullish move, it will seek liquidity on the upper part of the chart, near 39,000. Finally, it should once again search for liquidity on the lower side, which should be close to the 23% (27.700) level of the Fibonacci or perhaps even lower.
After the price reaches the 23% Fibonacci level, it could be expected that Bitcoin may aim to ATH
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