BTC weekly fib levels
#BTC/USDT
BTC Fibonacci levels show that the price now faced a crucial resistance zone.
🐮 Break out from 0.5 fib level of the daily swing down (yellow fib), can pump the price toward 0.382 and 0.5 fib levels of the weekly swing down.
🐻 And rejection from the current resistance zone will cause a correction to 21k or maybe lower.
also in the short-term time frame price shaped rising wedge which is a bearish pattern(review my last analysis).
BTC Fibonacci levels show that the price now faced a crucial resistance zone.🐮 Break out from 0.5 fib level of the daily swing down (yellow fib), can pump the price toward 0.382 and 0.5 fib levels of the weekly swing down.
🐻 And rejection from the current resistance zone will cause a correction to 21k or maybe lower.
also in the short-term time frame price shaped rising wedge which is a bearish pattern(review my last analysis).
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