BTC Fibonacci analysis
Updated
#BTC/USDT
BTC dropped and broke down from ascending support line and now price is at the golden zone between 0.5 and 0.618 fib levels of the last swing high.
🐻 breaking down from the next ascending trend line and the golden zone will continue down trend to support zone around 19k and maybe lower to touch 1.414 and 2 fib levels!!
🐮 holding this golden zone as support and closing a daily candle above ascending broken trend line, can change the game for bulls, and price heading up to touch the resistance zone around 28k.
BTC dropped and broke down from ascending support line and now price is at the golden zone between 0.5 and 0.618 fib levels of the last swing high.🐻 breaking down from the next ascending trend line and the golden zone will continue down trend to support zone around 19k and maybe lower to touch 1.414 and 2 fib levels!!
🐮 holding this golden zone as support and closing a daily candle above ascending broken trend line, can change the game for bulls, and price heading up to touch the resistance zone around 28k.
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#BTC/USDT#update
BTC broke down from support of 0.618 fib level and ascending trend line.so as the 🐻 way in my last analysis price will drop to support zone around 19k.
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