$BTC : Bitcoin has reacted from the 100% Fibonacci level, raising the possibility that wave (3) has already bottomed and wave (4) is now underway. If that's the case, the next resistance zone sits between $63,411 and $64,153. For now, though, my preferred outlook remains bearish. If that resistance holds, it would suggest wave (3) is still extending lower, with the next downside target coming in around $61,708. #BTC Price Analysis# #Bitcoin