BITCOIN PULL-BACK ALMOST COMPLETE AND A PUSH HIGHER IS IMMINENT

Price is following the Fibonacci retracement perfectly and we should see a bounce once the 50% zone is breached. If price breaches the 61.8% zone, then price will probably continue down, however now that $100k is in sight, I feel the big investors will push back once they have squeezed the last of the sellers out.

Bitcoin to $100k

Kommentar:

Price is still on Target and has simply tested the Ascending Trendline. We could see a short pull-back and Test the EMA (Orange) before once again heading higher to test the trendline once again. A break above this level clears the way for a push higher. A close below the EMA indicates the price may be pushed lower.