BTC Stalls at 50% Fibonacci Retracement

On the daily chart, BTC has stalled at the 50% Fibonacci retracement level near 8481. This provided a good target over the breakout level of 7600, especially after the consolidation. There is also resistance near 8600, which will also slow this rally.
BTCChart PatternsFibonacci RetracementTechnical IndicatorsTrend Analysis

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