Bitcoin / TetherUS
Short

BTC backs to Fibonacci 0.5 at to $53,300? Even lower?

319
We saw BTC touched Resistance level at 66.5K and moving back.
Right now, it is moving around Fibo 0.236 (60.5K).

The down trend will be confirmed when D1 closes below 59k. When this happens, the next target should be Fibo 0.5 (53.3K) or even Fibo 0.618 (50K).

What do you think?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.