BTC Should make it to $64,800 based on fib extension

14 เม.ย. 2021

The 23.6% Fib Retracement Level has not been activated because price did not close below the 23.6% level. So we have to use the Fib Extension tool which is what we look at when price has not retraced sufficiently for us to look for a zone for entry. We are looking at where price may settle or get exhausted in this current uptrend. Around 64,8000 (1.272%) is the current level where this may occur. I was able to draw the extension tool off the current candle which is red because it gives me a current high. If the candle was blue, price would still be going up so the level would be constantly changing and going up so I would be unable to draw the extension.