Bitcoin - healthy pullback
Bitcoin has rallied from a low of 32k on24 Jan '22 to a high of 45k on 04 Feb '22. Bitcoin hit resistance at around 45K sent it back down to a recent low of 
39K which is a higher low compared to the low of the day on 04 Feb '22. Bitcoin is currently sitting at a discount level of 50% on the Fibonacci retracement. Bitcoin price can still dip to 37k which is 0.618 0n the Fibonacci retracement. However, if Bitcoin rallies from here my profit target for the next bull run will be around 51k.
39K which is a higher low compared to the low of the day on 04 Feb '22. Bitcoin is currently sitting at a discount level of 50% on the Fibonacci retracement. Bitcoin price can still dip to 37k which is 0.618 0n the Fibonacci retracement. However, if Bitcoin rallies from here my profit target for the next bull run will be around 51k. 
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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.