Perhaps we will see an weekly consolidation between the green line(support) and red line (resistance)
If weekly closes below the red line there is an big chance that btc will go back to the green line.
If an weekly candle closes below 10080 (0.618fib) on my chart, it might be best to ignore the green line as I expect for a bigger drop.
If weekly closes above the red line I expect btc to try and test back up towards the 11760 (0.786 fib) if another weekly closes above this fib lvl we have a big chance to hit 12.5k
I am not expecting btc to hit the ATH as we are seeing an bearish divergence on the monthly candles, of course this can be negated if btc gets an new monthly higher close and an higher close on the rsi to break the divergence.
If weekly closes below the red line there is an big chance that btc will go back to the green line.
If an weekly candle closes below 10080 (0.618fib) on my chart, it might be best to ignore the green line as I expect for a bigger drop.
If weekly closes above the red line I expect btc to try and test back up towards the 11760 (0.786 fib) if another weekly closes above this fib lvl we have a big chance to hit 12.5k
I am not expecting btc to hit the ATH as we are seeing an bearish divergence on the monthly candles, of course this can be negated if btc gets an new monthly higher close and an higher close on the rsi to break the divergence.
