High chance of BTC retesting the 43k level
As some of you might know, bitcoin and other cryptocurrencies tend to follow fibbonacci levels.
As such, and attending to current support and resistance levels, bitcoin will most likely follow it's bearish flag pattern down to the 0.382 fib level (matches the current flag size extension), which also coincides with the 42.5k/43k$ level.
After that, we'll most likely go up to the 1.618 fib level of our current top, 85k€ which equates with the 100
K psychological price range.
As such, and attending to current support and resistance levels, bitcoin will most likely follow it's bearish flag pattern down to the 0.382 fib level (matches the current flag size extension), which also coincides with the 42.5k/43k$ level.
After that, we'll most likely go up to the 1.618 fib level of our current top, 85k€ which equates with the 100
K psychological price range.
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