BTC has been bearish for the past 36 hours but it's struggling to stay clear away from 18,000. BTC has very little positive momentum and is heading to test 0.618 Fibonacci level again.
It could either break out and successful form a bullish pinbar on the monthly timeframe or fail to breakout and and form a double top on the 0.618 Fibonacci level which could retrace back to 19,500 or less and form a doji on the monthly timeframe.
But bitcoin is not going to 18,000 again.
It could either break out and successful form a bullish pinbar on the monthly timeframe or fail to breakout and and form a double top on the 0.618 Fibonacci level which could retrace back to 19,500 or less and form a doji on the monthly timeframe.
But bitcoin is not going to 18,000 again.
