Bitcoin found support on the 200 Smooth moving average. Good news but probably not for long. There is key resistance zone overhead.
Btc might make just a higher high that could be heavily shorted or just to be rejected at that zone.
Remember macro downtrend is still in play.
On the other side, If we trust the Fibonacci retracement tool on the macro scale , this trend might last until 52k level.
So its time me to make decision.
Btc might make just a higher high that could be heavily shorted or just to be rejected at that zone.
Remember macro downtrend is still in play.
On the other side, If we trust the Fibonacci retracement tool on the macro scale , this trend might last until 52k level.
So its time me to make decision.
