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Cryptonian

12/09 13:05

Bitcoin testing an Important Level ? 🚨

$BTC traded within a massive range back in 2021-2022, price broke down later and printed bear market lows at $15,500.

Price recently reclaimed the old 2021-2022 range and is currently testing the mid-range.

There are two possible scenarios :

🟢Price continues to go higher and shoots up till $48,000 before experiencing a deeper retracement back to the range low. 

(Fakeout above mid range + Retest of fib 0.618)

🔴Price has topped out locally at the mid-range and will start heading lower from here till $35,000 before the next leg up. 

(Consolidates here with multiple retest before a correct till $35k monthly support)

Whatever scenario plays out, the overall idea is bullish, any dips are opportunities for buying 🤝20231209_183423.jpg

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