Will BTC retest the yearly 0.618 Fib level?
Inverted head and shoulders pattern showing bullish bias and potential retest of 0.618 in next week
Triple waves pattern also confirms a potential retest of 0.618 level in next week according to the angles and lengths of previous waves
RSI levels are showing signs of overselling -> might indicate a reversal in short term as both 4h and weekly charts show this
MACD levels are confirming the bearish trend with likely zero crossover to come
Conclusion:
we might see BTC 3.01% range 7500 - 9500 again in the next 1-2 weeks depending on which pattern dominates
Triple waves pattern also confirms a potential retest of 0.618 level in next week according to the angles and lengths of previous waves
RSI levels are showing signs of overselling -> might indicate a reversal in short term as both 4h and weekly charts show this
MACD levels are confirming the bearish trend with likely zero crossover to come
Conclusion:
we might see BTC 3.01% range 7500 - 9500 again in the next 1-2 weeks depending on which pattern dominates
Feragatname
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