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Bitcoin testing an Important Level ? 🚨
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 🤝
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