BTC/USD (Strong Rejection at 0.786 Fib)

💎Technical Analysis Summary💎



BITSTAMP: BTCUSD

-Bitcoin got rejected at the last Fib resistance level of 0.786
-Also, it broke the upward trendline support with a Bearish candle
-During the strong sell, the price reacted at 0.618 Fib level
-The 34k dollar is a confluence of 100MA support area
-This time around is crucial for the Bulls because they lose the short-term strength
-If the Bears will send more follow-through in the coming few hours
-We might see a revisit of 32k-31k dollars in the coming days
-Please be cautious about your trade and Altcoins
-Always follow your trading plan and stop-loss must be strictly followed





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