BTC - LTF 0.618 Test
On the lower timeframe, BTC theoretically completed its pullback.
On the 6H price created a bearish doji that marked the top. Currently, price has pulled back and created another 6H bullish doji to potentially reverse the price. Also, the candle bodies are closing above the 0.618 Fibonacci retracement level, which could also signal the bottom is near.
The low put in at $67,500 would mark a higher low on our bullish uptrend and could signal a test of the all time high to see if BTC can maintain a higher low/ higher high trajectory.
On the 6H price created a bearish doji that marked the top. Currently, price has pulled back and created another 6H bullish doji to potentially reverse the price. Also, the candle bodies are closing above the 0.618 Fibonacci retracement level, which could also signal the bottom is near.
The low put in at $67,500 would mark a higher low on our bullish uptrend and could signal a test of the all time high to see if BTC can maintain a higher low/ higher high trajectory.
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