It's not surprising that BTCUSDT quickly underwent a price correction after a rapid surge to $44,000, as Karina anticipated.
Currently, the price drop has nearly touched the 0.5 Fibonacci retracement level. According to Dow theory, we can expect the price to bounce back from this level. The target is set at $48,000 - $49,000.
What about you, How do you think ?
Currently, the price drop has nearly touched the 0.5 Fibonacci retracement level. According to Dow theory, we can expect the price to bounce back from this level. The target is set at $48,000 - $49,000.
What about you, How do you think ?
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Related publications
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.