SamSuka
The Long Investor
The Long Investor

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$BTC TOP 20

$BTC dropped down to the $58k level on Monday, which was the last Green Fib support level and just above the 200 Day MA, the price managed to bounce but has struggled to follow through higher.

A pull back might be what is needed to go higher but will need to hold above the 200 Day MA again, which is now at the $58k level, making this a strong confluence level now.

As long as this level is held, the bulls can save this from dropping lower....but losing the 200 Day MA and it is almost certain that this will drop down to the 0.38 Fib next at $51k, at the very least.

$BTC TOP 20

Comments

so with the current pop up today...does this just stay in a pretty wide range of $58k-$66k....seems hard to believe it will hit the $52k - $56k that folks are mentioning

AL


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