Bitcoin continues to follow the Fibonacci pattern and is now testing the trendline. Price has also stayed within the ascending triangle identified in my last chart analysis.
A break above the trendline clears the path towards $50400 where we may encounter a little resistance, however, a breakthrough at this level clears the way for $76k, our next Fibonacci extension of 1.618
A break above the trendline clears the path towards $50400 where we may encounter a little resistance, however, a breakthrough at this level clears the way for $76k, our next Fibonacci extension of 1.618
Comment:
Price has pushed through the Trendline, a close above this on the daily chart, clears the way $58k followed by $76k
