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14 juin 2021 06:38

A bullish short term view for BTC and cryptos Long

Bitcoin / TetherUSBinance

Description

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.
Commentaires
DutchyFX
Interesting analysis, I like it.
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