The Bulls couldn’t turn 57500$ into Support as the price fell back below it once a rejection from Fib. 0.618 has occurred.
On its way down BTC punched through the Trend-Line, signaling a possible trend change. This got confirmed not long after, as the price dropped down to the 55k area, creating the first Lower Low on the chart, allowing the Bears the take control over the direction of BTC.
The low...See more
Since BTC got rejected from the Fib 0.618 Level, a small correction took place that has forced the price back below the Resistance Level at 57500$. This correction was short-lived as the Bulls have stepped back in around 56K.
Later on, a quick bounce has occurred. The momentum...See more
Since BTC got rejected from the Fib 0.618 Level, a small correction took place that has forced the price back below the Resistance Level at 57500$. This correction was short-lived as the Bulls have stepped back in around 56K.
Later on, a quick bounce has occurred. The momentum...See more
