Long term fib extension has us currently at the 0.618 $54,132. In my opinion we can see a market maker force pulling price down which could be a sign of the market finding support. 31k would be THE support to hold or a more painful pullback to 18k would be on the menu
once the market finds support, even at this 54K, i dont think bitcion will struggle with 117k 0.786 fib--instead i would look for a hit the 314k for a top.
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