BTC stopped at SMA 200 daily, and rebound at fibo 50. and trying to reach fibo 38.6, for another downtrend to fibo 61.8 . SMA 200 daily is the important level to be watched. if this level breaks down, the downtrend is become confirmed as long as the trend is below the SMA 200. SMA 200 daily become the strong support also happened when BTC reached 29K. Watch...
BTC showing bearish divergence on MACD and fakeout or false breakout. The first target is 52k.
After reach fibo 1.618, BTC bearish reversal , with the target of 52785
Bitcoin after failed to break fibo 61.8 back to be bearish to reach the next support trend line, as per mentioned in this picture. Target 1 = 31940 Target 2 = 30175 Target 3 = 28800
BTC is in BULL TRAP, with decreasing volume on price up also bearish divergence signal. BTC will go down (at least) to 25k - 26k. Wear your safety belt.
Bitcoin is trying to break fibo 61.8
BTC in the worst scenario will reach the same range of the previous down trend . the target support is 38xxx.
BTC Daily shows doji , with failed to be going up from the resisten trend line and fibo 50. The bearish confirmation is the low of the doji, 57xxx. If we measure the range of previous downtrend (minus 26-27%), and applied to the potential incoming downtrend, will reach 42xxx
After trying to break fibo 38.6 and failed, BTC will continue to go down reaching the final target of fibo 61.8
I predict, Bitcoin will be going down to fibo 50 (46943 USDT), and trying to be going up, and going down again to reach the target of fibo 61.8 (42717 USDT), and start to wake up for bullish trend again to ATH.