BITCOIN could most likely retrace to this level
- BTCUSDT is in its retracement phase, the retracement pattern is a zig zag wave.
*we just completed the "B" wave of zig zag ABC wave and the next possible retracement level is the 0.618fib extension of 'A' (42k) if it breaks we may move towards 0.786 fib ext (40k) and the worst possible case could be the 1.0 extension (38k).
* However this could be a healthy correction and should be seen as an opportunity to buy cheap instead of fearing, as we will then further continue this rally upwards possibly to see a new ATH.
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