Bitcoin Wyckoff Accumulation 1H Last Point of Support
As predicted bitcoin got rejected at the 38k yesterday, however after being rejected it flipped the previous resistance of 37k into support. After finding support on the 37k in combination with the 0.66 golden pocket fibonacci retracement of the very first wave after this we got a price increase and an increase in volume when we broke through 38k. We are currently close to reclaim the 39k, however, I think it is more likely to retrace back to 38k and test the previous resistance as support now. This is also supported by a .786 fibonacci retracement of the first wave and a .382 fibonacci retracement which provided support before. When the price holds above the 38k the likelyhood of breaking 39k and going for the 40k is much higher.
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