1. Price moved close to the lower border of micro uptrend. In case of further bitcoin dump, I expect breakdown of the lower border of micro uptrend.
2. In case of a strong market correction , I expect price to fall to the 0.618 Fibonacci level (18$-20$).
3. In the range of 18$-20$, I expect strong resistance from buyers. In case of a rebound from this level the second point of an ascending triangle will be formed.
4. Further i expect a push to the upper boundary of the triangle (about 28.5$). The squeeze inside the triangle can last several days.
5. If bitcoin does not go to a global correction, I expect a breakout of the upper boundary of the triangle (about 28.5$) with a further pump to the ATH resistance level (50$).
2. In case of a strong market correction , I expect price to fall to the 0.618 Fibonacci level (18$-20$).
3. In the range of 18$-20$, I expect strong resistance from buyers. In case of a rebound from this level the second point of an ascending triangle will be formed.
4. Further i expect a push to the upper boundary of the triangle (about 28.5$). The squeeze inside the triangle can last several days.
5. If bitcoin does not go to a global correction, I expect a breakout of the upper boundary of the triangle (about 28.5$) with a further pump to the ATH resistance level (50$).