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Bitcoin is a sucker for Fibonacci and the levels match the psychological lines too. Bottom should have been found around 6K.
Watch if bitcoin holds these key levels of support.
Bearish if it bounces; bullish if it breaks.
4500 is both a psychological barrier and a technical line that needs to be crossed for the market to become bullish again.
The trend will be bullish if the price breaks above the resistance line. However, if we see a large spike in volume towards the bottom support, it could become bearish.
It might consolidate a bit, but should keep rising, following the long-term trend.