As said on the last idea, BTC has bounced above the 61.8% in a double bottom at 31k and it seems to be now moving higher.
I would expect BTC to at least retrace the 50% Fib from the last major move, but likely it would go as high as the 61.8%.
So the interesting levels to watch here, would be around 45k in the 50% and 48.5k in the 61.8% IMO.
Even if this turns out to be a bearish continuation, this retracement it is probable.
I would expect BTC to at least retrace the 50% Fib from the last major move, but likely it would go as high as the 61.8%.
So the interesting levels to watch here, would be around 45k in the 50% and 48.5k in the 61.8% IMO.
Even if this turns out to be a bearish continuation, this retracement it is probable.
