We have another inverted H & S on the H4 charts. At the moment we are curving the right shoulder and can see some low prices around 22$ or maybe lower.Eventually our target updated to 32$ from 28$.
As we see on our graphic , there is a rising trend line which comes from 5800$.During the last fall it got broken and price curved a falling channel which you can see with green lines.Right now we are at the spot where BTC is going to make decision to continue higher or heading to 10000$.
In my opinion BTC will continue higher and we will see new highs around 25K -
As we see on our graphic , master fibonacci says that 15,67 is a very important level during this sell off.
It is 0.382 level of our historical low and high prices.Usually in a healthy correction price may fall till fibonacci 0,382 and 0,500 levels.
In our case, a daily close over this price going to prove that it works as a support.