This is he technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ). This is just my opinion and not any type of financial advice.
1) The Bitcoin Price is breaking Fib 23.6% montly chanal 2) Its look like start to be CUP AND HANDLE Pattern, If the price back to Fib 23.60% , it will fall to the monthly resistance area at Fib 38.2% to 41K
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