Where will Bitcoin head next?
We are facing two critical scenarios for the near future of Bitcoin
One is a positive scenario, the other a negative
Scenario 1 (Bullish)
Bitcoin now at a strong support zone
200MA
Downtrend line retest
50%, 61.8 % Fibonacci
Bitcoin needs to hold this support level
otherwise we will see more downward.
it should react to this strong support zone.
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Scenario 2 (Bearish)
Bitcoin has broken the up trend
and this rally just a retest.
This scenario will be activated once
if BTC could break Z zone
Breaking Z zone is very Bearish
One is a positive scenario, the other a negative
Scenario 1 (Bullish)
Bitcoin now at a strong support zone
200MA
Downtrend line retest
50%, 61.8 % Fibonacci
Bitcoin needs to hold this support level
otherwise we will see more downward.
it should react to this strong support zone.
--------
Scenario 2 (Bearish)
Bitcoin has broken the up trend
and this rally just a retest.
This scenario will be activated once
if BTC could break Z zone
Breaking Z zone is very Bearish
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