Two scenarios for BTCUSDT pair

25 Ağu 2022

Hello Ladies and Gentlemen.

BTCUSDT faced the forth rejection from the 25175 (0.618 fib level) and clearly supported on the weekly support of 20749.

So, keeping our eyes on NDX and SP500 indexes, volatility is coming for BTCUSDT, with two possible scenarios depicted in this chart.

• The first scenario is a bullish scenario which respects a monthly 0.382 fib level (the purple one) and BTC goes higher.
  
  
• The other one is that BTCUSDT falls over the previously weekly support and gets rejected from either the 0.382 fib levels (red or purple) and falls again to Monthly or even lower to GIANT weekly support (Giant because it is the previous ATH).
  

Thanks for aggreging or disagreeing with my idea in advance!

Any thoughts are always welcomed in the comment section!

Cheers!