BTC weekly we are a downtrend we have just broken the 0.5 Fibonacci zone even if we have to wait until the end of the week the red zone represents our support zone before the fall to hell why??
It was the last ATH that had served as resistance and now as a support it is a very important psychological area for the market you will notice a long wick but no breakage of this area for the moment the scenario is the following we break this red zone we go to look for the last wick created we come back up and we fall to get the 40k or 35k
Another unlikely scenario would be that the price remains in a range of 70k and 65k and we go back up with the clarity act in the USA and Also the negotiation between Iran and the USA ends with a success
Combined with the arrival of the new president of the fed who is favorable to Trump's economic policy
But the market remains the king and what are you waiting for on Bitcoin??
BTCUSDT
Perp
68,397.4
-0.25%