BTC - Small pullback before lift off

1 thg 5, 2021

Looking at my recent chart, Bitcoin followed the fib retracement levels almost perfectly and we can see that the line around 58k wasn't able to hold. We are now pulling back with the 1H looking pretty bearish so I believe we will pull back to 56-56.5k. If you look at the 4H, we are still pretty bullish so I would say there will be a hard bounce on our next support, probably taking us closer to the 60k range. I will be fueling up around 56.5k on altcoins and a bit of bitcoin.