On the bullish note,
According to Fibonacci retracement, Bitcoin will try to reach ~26,500.
If that is crossed then, ~30,000$
On the bearish note,
Bitcoin will test November's closing price ~19,700. If Bitcoin can stay above, the bullish trend will continue. But if it breaks, then trend may reverse.
According to Fibonacci retracement, Bitcoin will try to reach ~26,500.
If that is crossed then, ~30,000$
On the bearish note,
Bitcoin will test November's closing price ~19,700. If Bitcoin can stay above, the bullish trend will continue. But if it breaks, then trend may reverse.
Comment:
RSI is above 85 that is dangerous. So a 25-50% crash shouldn't be surprising.