$BTC TOP 20
Added 2024-01-28 18:07:28 +0000 UTC$BTC has continued showing strength all weekend after holing the 0.38 Fib at $39,700.
We can see that $BTC also held the 0.38 Fib in June when it held for Wave 2, so we have no reason to doubt that this level will not hold for Wave 4....considering it is the standard Fib support level for a Wave 4.
Again, no changes to our chart....what we need to watch for is a rejection at the 50 Day MA, which it is just at now, which is also the wedge trend line which it broke out of at the start of year.
So bulls want to see a break out of $42,700 and a flip to support here and this is comfortably in Wave 5 then.
