We have a positive bounce on the 0.78 Fib now at $3050 and the price action is making its way back up to the 50 Day MA at $3415.
Above this level and the price action is above the 50 and 200 Day MA so the bulls should feel confident approaching the yellow trend line again at $3600 and this time successfully flipping it to support after two failed attempts since Dec.
Above $3600 and the impulse wave is confirmed for me and I see a route back up to ATH's again at the top blue line.
$BTC and $ETH could move very well in sync here shortly.
House of Wick
2025-02-03 02:14:25 +0000 UTC