BTC Long, however under 62K?
Although Fib Arcs is an unreliable method, BTC is bouncing off 0.618 Fib Arc (set price range so that 0.618 arc forms resistance arc)
However, in this scenario, the highest 1.618 price is just under 62K and continues to decrease over time (hence forming arcs, as the name implies)
A huge 2.5K shot upward would still only go up to about 61.5K, and would probably reach about 61.3K
Also note that while BTC dominance is showing signs of rising above 60, it continues its decending trend.
Disclaimer : BTC falls and alt coins don't -> could be a sign of big movement both up AND down
However, in this scenario, the highest 1.618 price is just under 62K and continues to decrease over time (hence forming arcs, as the name implies)
A huge 2.5K shot upward would still only go up to about 61.5K, and would probably reach about 61.3K
Also note that while BTC dominance is showing signs of rising above 60, it continues its decending trend.
Disclaimer : BTC falls and alt coins don't -> could be a sign of big movement both up AND down
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