Hello everyone,
We can see that btc is fighting to break an important trend line but does it has enough strengh for that???
For the moment the price action is below those MAs (50 yellow, 200 red) that means it is strong bearish and also the volume is too low.
I represented on the chart with fib. retracement where is the support between the 61.8% and 50% levels....
As we can see on the bitcoin chart it is very close to an important Fib Lvl (38.20%). If bitcoin goes below it the next Fib support will be around 34k (23.61%). I applied Elliott Triangle Wave and if it is correct and this is just a correction the next 2 targets for bitcoin will be:
T1: 56k
T2: 66k
Note: This is my first publish idea so it's not a...
