BTC has closed a daily candle below the short term 20 day MA, this suggests that in the short term bulls are taking a step back...
If we use a Fibonacci retracement from the lows of 2020 we see that they match up perfectly with the 20 Week MA (Bull market support) and the local lows (16.3k).
These are my next targets if we do not see a rapid bullish buy up above the 20 day MA
If we use a Fibonacci retracement from the lows of 2020 we see that they match up perfectly with the 20 Week MA (Bull market support) and the local lows (16.3k).
These are my next targets if we do not see a rapid bullish buy up above the 20 day MA