$BTC So far, we're failing to remain in the golden pocket...
Today we dropped below the 0.5 to 0.618 fib range we've been bouncing around in.
At the moment, price action is leaning bearish if we stay below this 0.5 fib level.
However, for confirmation that price is going to reverse to test previous highs around $87k, we need to see a close on the 4h above the $85.2k level. #BTC Price Analysis# #Macro Insights#
Today we dropped below the 0.5 to 0.618 fib range we've been bouncing around in.
At the moment, price action is leaning bearish if we stay below this 0.5 fib level.
However, for confirmation that price is going to reverse to test previous highs around $87k, we need to see a close on the 4h above the $85.2k level. #BTC Price Analysis# #Macro Insights#
