$BTC has pushed higher today after the BITCOIN ETFs were approved yesterday and we are inching closer to the important 1.618 Fib at $50970
We have got to imagine that a rejection will come here after this ETF approval is getting baked into the price now.
And we know that the 1.618 Fib is an extremely reliable Fib level too for Wave 3.
I have no reason to doubt this chart as it has been flawless for the last 12 months, so either make a plan: you are either prepared to hold through Wave 4 or take profit if there is a rejection at the 1.618 Fib and buy back in lower.
Tomer Altman
2024-01-12 05:38:11 +0000 UTC