BTC Setup (My View) for BITSTAMP:BTCUSD by TradingNative

trendanalysis harmonicpatterns chartpattern bitcoin btcusd btcusdtlong btcusdanalysis

Price pulled back to 161.8% FIB Reversal Zone. I project bullish price to reach 61.8% ($52593.71). Should price break The $52593.71 next target should be $68953.53. I welcome input on my analysis.

(Disclaimer: This is not an Investment advice)

Comment:

Technical Analysis on BTC.

Priced rejecting 161.8% $25513.87 FIB Level:Thus becoming Support Level. Resistance Level: $39689.59

If Resistance becomes Support next Resistance: $52593.71

(THIS IS NOT AN INVESTMENT ADVICE)

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