We may See BTC Had towards the levels of 48k and 50k as BTC is Back Testing the Old Resistance of a Right-angled and Descending Broadening Wedge we Broke out from earlier in the week which happens to align with the 55% Retrace.
If the BC leg ends here at the 55% Retrace our target will be the 181.8% Fibonacci Extension up at 50k but the lower the BC leg goes the lower our Extension target will be so an entry here at C is a speculative entry that this will be the extent of the Retrace due to the Hidden Bullish Divergence Visible on the RSI and MACD and the Support Level.
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