Price of the most famous cryptocurrency bitcoin btc has left questions as to if this crypto is about to go bullish/rise or still in a bearish sell trend??
price of bitcoin btc is currently at 6407$ respecting 0.786 fibonnaci level, where we await a bullish price action to confirm and continue bitcoin bullish trend, a break below this level pushes btc to 4950$ but unlikely at the moment. Price of btc on DAILY timeframe is moving in a bearish trendline/ triangle where a rise and close above 6384$ - 6607$ provides room for bitcoin to rise/bullish further to breakout of bearish trend line at 6607$ to 6921$ for bulls to take this opportunity and take bitcoin to as high as 7000$ - 7200$ or higher.
price of bitcoin btc is currently at 6407$ respecting 0.786 fibonnaci level, where we await a bullish price action to confirm and continue bitcoin bullish trend, a break below this level pushes btc to 4950$ but unlikely at the moment. Price of btc on DAILY timeframe is moving in a bearish trendline/ triangle where a rise and close above 6384$ - 6607$ provides room for bitcoin to rise/bullish further to breakout of bearish trend line at 6607$ to 6921$ for bulls to take this opportunity and take bitcoin to as high as 7000$ - 7200$ or higher.