Bitcoin is testing thenfibonacci 50 retracement

Bitcoin is currently testing the fibonacci 50 retracement. Before it tried below this level 2 times, but it was not permanent. Now there are 2 scenarios.
The 1st could break this level down and continue the journey towards the next permanent fibonacci 61.8 retracement level, 27111.
Scenario 2: If the price stays above this level, move towards the upper fibonacci resistance 41500.

Chart PatternsTechnical IndicatorsTrend Analysis

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