BTC's 1.618 fib = 50k a logical S/R emotional zone

I'd expect BTC to have to fight pretty hard to get above that mental 50k level. However, the pitchfork and fib levels are providing a pretty nice little pathway to breaking through that. We're in a bull market, dips are for buying. The trend is your friend. If I wasn't already long on btc? I'd probably look for a retest of 50k as a good place to enter. I'd also expect BTC to fall through 50k on a retest as whales will want to hunt stops for fuel before we continue onwards towards glory.

TL:DR Let's see what happens at 50k. If you're looking for a long? Probably buy after a 4 hour close back above 50k when we retest it.

Kommentar:

$BTC is a honey badger. Look at the way it's just fought its way up that .5 pitchfork. If these daily candles can close above that resistance, I wouldn't be surprised to see it come back and test that .5 pitchfork prong, and then to continue on towards 65k. Congrats frens