Bitcoin is range bound at the 50% level fo the Fib Ret tool.
Now watching the GREEN trend line (support).
If Bitcoin breaches it then another leg down towards possibly @ $27.175 @ the 61.8% Fib Ret tool
If GREEN support trend line holds, the red bar is the expected target @ about $41.3K
Further rise in price could take Bitcoin back up to $48.3K towards the local 61.8% Fib Ret tool
Note: Crypto Fear and Greed index is at 17%, last week it was at 10% but no further dumping or capitulation has occurred. Nevertheless, always be vigilant as to what Bitcoin might do this week.
Have a great start of the week!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Now watching the GREEN trend line (support).
If Bitcoin breaches it then another leg down towards possibly @ $27.175 @ the 61.8% Fib Ret tool
If GREEN support trend line holds, the red bar is the expected target @ about $41.3K
Further rise in price could take Bitcoin back up to $48.3K towards the local 61.8% Fib Ret tool
Note: Crypto Fear and Greed index is at 17%, last week it was at 10% but no further dumping or capitulation has occurred. Nevertheless, always be vigilant as to what Bitcoin might do this week.
Have a great start of the week!
More power to all your trades, my friends!
Ron
Intrepid_Trader
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