Possibility of Correction for Bitcoin about Short Time Frame
As can be seen, Bitcoin is moving as expected within the ascending triangle formation, and we are currently on a stable path above SMA200 / 4H.
Considering the Fib support and resistance, a correction to around $35K can be considered normal. If we can break the limits in this area, we can see a correction to $33.5K or even up to
29K
, which is our long-term fib level.
Considering the Fib support and resistance, a correction to around $35K can be considered normal. If we can break the limits in this area, we can see a correction to $33.5K or even up to
29K
, which is our long-term fib level.