BTC daily chart looks like it is having a breakout from a wedge pattern
first price target is at the .386 fib retracement
2nd PT around 55k at the 50% fib and also the 50 day moving average
if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's
if we fail to trade above the Fib levels bitcoin is at risk of fading between 33k-37k
Neutral/Bullish above the 200MA bearish below
extremely bullish above 50% retracement/ 50 MA if Bitcoin cannot get above the 50 day moving average that would signal a possible top and trigger algos to take profit
first price target is at the .386 fib retracement
2nd PT around 55k at the 50% fib and also the 50 day moving average
if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's
if we fail to trade above the Fib levels bitcoin is at risk of fading between 33k-37k
Neutral/Bullish above the 200MA bearish below
extremely bullish above 50% retracement/ 50 MA if Bitcoin cannot get above the 50 day moving average that would signal a possible top and trigger algos to take profit
