After Friday’s bleeding that sent BTC down below the $50K zone to the $47,100, we held a critical support line that might be signaling an upward move
[Bitcoin held critical support, is the bleeding finally over? – DecentraNews ](https://decentra.news/bitcoin-held-critical-support-is-the-bleeding-finally-over/)
Now that we have regained some bullish momentum and the fib was supported very well, the next target to look for would be the last rejection mark ($64,7K). Once we push through this resistance zone, we might have some steam left to be able to hit the $74K mark.
Bitcoin also has a resistance range of 53847 to 54893. And as long as this resistance is not broken upwards, we can still dip below the 2.618 retracement. And then it could fall to the number $42K.Meanwhile, if the resistance breaks and we go upwards, the way to climb to the number $68K level is clear.
**Be careful to not overleverage your trades, only trade what you can afford to lose**
ps: Let me know what you think of my analysis, I put it out like 2 hours ago and it seems we are confirming this bullish trend.
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