- Potential Reversal Zone is between $17,000 and $13,900 for the Bears.
- We just tagged a shorter term fibonacci retracement at 38.2% level ($9,770) and then, the price started making higher highs, signalling us the Bullish Market State.
- If we can put this weekly W formation by closing above $11,341 for this week - we can potentially put the ABCD bullish pattern, taking us to first around $19,696 which is also the All Time High and, then, $22,195.28 which is also 1.13% fib. extension level
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This indicator called the bottom on BTC
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