Price finally broke range zone and pump to this area but now price is near strong resistance of 0.61% Of Fibonacci of previous deep fall if it breaks that resistance or local resistance on the chart then once again bitcoin will get bullish and we may have new high like 57K too else we are looking for a local correction like a red arrow.
Targets and supports...
I believe we could be seeing a phase c of our re-accumulation structure.
We are seeing a lot of speculation and fear in the market which has been incredibly greedy and overheated.
RSI is approaching the oversold condition for the first time since March 2020 Covid 19 Sell off which was a spring action.
I expect institutional buying to take place around the 43...
